AmInvest Research Reports

Stock on Radar - NORTHEAST GROUP (NE)

AmInvest
Publish date: Wed, 18 Jun 2025, 10:45 AM
AmInvest
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NORTHEAST GROUP (NE | 0325)

Last Price: RM0.49 | Technical Call: BUY

Technical chart: NE

Support 1: RM0.47Resistance 1: RM0.57
Support 2: RM0.43Resistance 2: RM0.60
Shariah Compliant: YesSector: Industrial

NORTHEAST GROUP may trend higher after surging to a 4-month high and closing above the RM0.47 resistance yesterday. With the 20-day and 50-day EMAs confirming a bullish crossover a few weeks ago, the stock appears positive in the near term. A bullish bias may emerge above the RM0.47 level, with a stop-loss set at RM0.42, below the 20-day EMA. On the upside, near-term resistance is seen at RM0.57, followed by RM0.60.

Entry: RM0.47-0.49

Target: RM0.57, RM0.60

Exit: RM0.42

Source: AmInvest Research - 18 Jun 2025

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