RHB Investment Research Reports
Trading Stocks - NationGate Holdings
rhbinvest
Publish date: Thu, 25 Apr 2024, 10:32 AM
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
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
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 observing a technical breakout after climbing above the MYR1.70 immediate resistance on surging trading volume. As such, the bullish momentum may propel the stock higher towards MYR1.90, followed by the MYR2 mark. However, breaching below the MYR1.54 support results in the resumption of the correction phase.
Source: RHB Securities Research - 25 Apr 2024
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