RHB Investment Research Reports
Trading Stocks - Nationgate Holdings
rhbinvest
Publish date: Fri, 24 Nov 2023, 10:47 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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Jalan Tun Razak
Kuala Lumpur
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Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Nationgate Holdings is set to rebound higher, as it firms up its uptrend reversal above the recent breakout at MYR1.27, coupled with the rising 21-day SMA line. The uptrend reversal is likely to persists, propelling the stock higher towards the MYR1.45 resistance, followed by the next resistance at MYR1.63. Towards the downside, dropping below the MYR1.18 support would reverse the trend further.
Source: RHB Securities Research - 24 Nov 2023
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