NationGate (NATGATE | 0270)
Last Price: RM2.53 | Technical Call: BUY
Support 1: RM2.50 | Resistance 1: RM2.70 |
Support 2: RM2.37 | Resistance 2: RM2.80 |
Shariah Compliant: Yes | Sector: Industrial |
NATIONGATE HOLDINGS (NATGATE | 0270) Last Price: RM2.53 | Technical Call: BUY
NationGate's buying interest is back after it formed a long positive candle and broke out of the 3-week bullish pennant pattern yesterday. With the stock pushing near its all-time high, supported by its rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM2.50 level with stop-loss set at RM2.35, below the 10 Dec low. Towards the upside, near-term resistance level is seen at RM2.70, followed by RM2.80.
Entry: RM2.50-2.53
Target: RM2.70, RM2.80
Exit: RM2.35
Source: AmInvest Research - 27 Dec 2024
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