RHB Retail Research
Technical Analysis - Nextgreen Global
Nextgreen Global may rise higher after it breached above the MYR0.50 threshold. Yesterday’s close sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR0.50 level, with an exit set below the MYR0.445 threshold. Towards the upside, the immediate resistance is at MYR0.57. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 2 Nov 2018
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