Nextgreen Global set for an uptrend reversal, says RHB Retail Research

TheEdge Thu, Dec 30, 2021 07:12am - 6 months View Original


KUALA LUMPUR (Dec 30): RHB Retail Research said Nextgreen Global Bhd is set for an uptrend reversal after bouncing above the consolidation phase of RM1.03 yesterday – printing a long white bullish candlestick.

In a trading stocks note today, the research house said if the stock stays above that level, buying pressure should continue to propel the stock towards the resistance of RM1.13, followed by RM1.22.

“If it falls below the 97 sen support, the momentum may be reversed – below the 21-day average line,” it said.

 

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