Quick take: Nextgreen rises 10% on technical buy

TheStar Thu, Apr 16, 2020 09:43am - 4 years View Original


KUALA LUMPUR: Nextgreen Global Bhd rose 10% in early trade Thursday following a technical buy from PublicInvest Research.

The counter added 10%, or 2.5 sen to 27.5 sen, its highest since mid-March.

PublicInvest said NGGB is attempting to break out from its current sideways channel.

It said the corresponding RSI and MACD indicators remain healthy while undergoing consolidation phase, with anticipation of continuous improvement in both momentum and trend in the near term.

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