Rakuten Trade Research Reports

Technical View - Nextgreen Global Bhd

rakutentrade
Publish date: Mon, 08 Apr 2024, 11:05 AM
rakutentrade
0 1,886
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

Nextgreen Global Bhd

  • NGGB recently formed a double bottom pattern thereafter broke above the neckline at RM0.96 with a long white candle last Thursday, signalling a strong potential for a trend reversal. In view of the positive cross of its 20-day EMA above the 50-day EMA, this bullish crossover has enhanced the nearterm positive momentum.
  • We expect the positive momentum to steer the stock higher and test the next resistance level of RM1.08 (R1), followed by RM1.15 (R2) in near term.
  • On the downside, stop-loss is set at RM0.89, below the 28 Dec’s low.

Source: Rakuten Research - 8 Apr 2024

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment