RHB Retail Research
Trading Stocks - Nextgreen Global
Nextgreen Global formed a long white candle, indicating that the momentum of buying could be strong. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A positive bias may emerge above the MYR0.45 level, with an exit set below the MYR0.43 threshold. Towards the upside, the immediate resistance is at the MYR0.50 level. This is followed by the MYR0.52 level.
Source: RHB Securities Research - 19 Jul 2019
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