NationGate is observing technical breakout, says RHB Retail Research
KUALA LUMPUR (April 25): RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.
In a trading stocks note on Thursday, the research house said that as such, the bullish momentum may propel the stock higher towards RM1.90, followed by the RM2 mark.
“However, breaching below the RM1.54 support results in the resumption of the correction phase,” it said.
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