NationGate posted 2 white candles in a row and its 20-day EMA has started to turn up yesterday, likely indicating the return of buying interest. The stock’s move above the key RM1.50 resistance also coincides with a new all-time high, indicating that a bullish outlook can be anticipated here. A bullish bias may emerge above the RM1.50 level, with stop-loss set at RM1.38, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.70, followed by RM1.80.

Entry : RM1.50–1.56

Target : RM1.70, RM1.80

Exit : RM1.38

Source: AmInvest Research - 18 Jul 2023