Nationgate is eyeing an extension of its upside movement after breaking past the key resistance.
RHB Retail Research (RHB) in a note today (July 5) said the stock has climbed above the MYR1.95 resistance level to confirm a bullish setup.
An extension of the bullish setup should result in a fresh "higher high", where the stock will travel towards the next resistance level at MYR2.15, followed by the one at MYR2.35.
On the other hand, a fall below the MYR1.75 support level will negate the bullish setup.
Jati Tinggi rose above the key resistance level to confirm a bullish setup.
The counter reclaimed the territory above the MYR0.635 resistance level to form a fresh "higher high" bullish candlestick.
They observed that trading volume has been increasing in tandem with the share price, signalling that strong bullish momentum is underway.
They expected the momentum to propel the counter towards MYR0.735, followed by MYR0.83.
A fall below the MYR0.57 support level would kick off a correction phase.