Nationgate is eyeing an extension of its upside movement after breaking past the key resistance. The stock has climbed above the MYR1.95 resistance level to confirm a bullish setup. An extension of the bullish setup should result in a fresh “higher high”, where the stock will travel towards the next resistance level at MYR2.15, followed by the one at MYR2.35. On the other hand, a fall below the MYR1.75 support level will negate the bullish setup.
 

Source: RHB Securities Research - 5 Jul 2024