Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Jan 14): RHB Retail Research said Nextgreen Global is set for an uptrend reversal, as it bounced off its support while breaching the immediate resistance of RM1.03 on Thursday (Jan 13) – reclaiming the space above the 21-day average line.

In a trading stocks note on Friday, the research house said if the stock manages to stay above that level, the bulls could drive the stock towards the next resistance of RM1.12 (a recent high), followed by RM1.22.

“However, the momentum may dissipate if it falls below the 98 sen support, ie forming a 'lower low' bearish pattern,” it said.

      Print
      Text Size
      Share