Nextgreen Global is eyeing to extend the upside movement after breaking past the resistance on high volume. Yesterday, the stock charted a long white candlestick and closed above the MYR0.90 resistance, showing strong bullish momentum is in play. After the breakout, expect follow-through price actions to test the next resistance at MYR0.93, followed by the MYR0.97 level. In the event it falls below the MYR0.86 support, this will resume the correction phase.

Source: RHB Securities Research - 15 Nov 2024