RHB Investment Research Reports
Trading Stocks - Nationgate Holdings
rhbinvest
Publish date: Fri, 12 Jan 2024, 03:44 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Nationgate Holdings is eyeing a technical breakout as it bounced off the 21-day SMA line yesterday – heading towards the MYR1.57 immediate resistance. If a breakout happens above that level, the stock may travel higher towards the MYR1.63 resistance, followed by the MYR1.77 all-time high. Meanwhile, falling below the MYR1.47 support would see a direction shift to downwards.
Source: RHB Securities Research - 12 Jan 2024
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