NationGate (NATGATE | 0270)
Last Price: RM2.02 | Technical Call: BUY
Support 1: RM1.98 | Resistance 1: RM2.20 |
Support 2: RM1.84 | Resistance 2: RM2.30 |
Shariah Compliant: Yes | Sector: Industrial |
NATIONGATE HOLDINGS (NATGATE | 0270) Last Price: RM2.02 | Technical Call: BUY
NationGate may trend higher after it surged to a 12-week high and closed above the RM1.98 resistance with a positive candle on Friday. As the 20-day and 50-day EMAs have established their bullish crossover a few candles back, additional strength may be present in the coming sessions. A bullish bias may emerge above the RM1.98 level with stop-loss set at RM1.82, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.20, followed by RM2.30.
Entry : RM1.98-2.02
Target : RM2.20, RM2.30
Exit : RM1.82
Entry: RM1.98-2.02
Target: RM2.20, RM2.30
Exit: RM1.82
Source: AmInvest Research - 28 Oct 2024
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Created by AmInvest | Nov 21, 2024