RHB Investment Research Reports
Trading Stocks - Nationgate
rhbinvest
Publish date: Wed, 22 Jan 2025, 12:18 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 is attempting to extend the technical rebound after breaking past the resistance on strong volume. The counter printed a long white candlestick yesterday and reclaimed the MYR2.30 breakout point. As long as it sustains above this resistance, it will continue the upside movement towards MYR2.50, followed by the MYR2.75 level. On the other hand, falling below the MYR2.15 support will resume the correction.
Source: RHB Securities Research - 22 Jan 2025
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