RHB Retail Research
Trading Stocks - Nextgreen Global
Nextgreen Global is resuming its upward movement since it surpassed the immediate resistance of MYR0.645 on higher trading volume. If it manages to stay above that level, the positive momentum will lead the stock towards the recent high of MYR0.69, before moving further to touch the next resistance at MYR0.71. However, falling below the MYR0.60 support and forming a “lower low” pattern may see it move to a lower level.
Source: RHB Securities Research - 24 Aug 2021
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