Nextgreen Global may rise higher after it breached above the MYR0.50 threshold. This upward momentum is likely to continue, given that it has formed a third consecutive white candle. A bullish bias may appear above the MYR0.50 level, with an exit set below the MYR0.435 threshold. Towards the upside, the near-term resistance is at MYR0.545. This is followed by the MYR0.59 level.

Source: RHB Securities Research - 15 Feb 2019