Nationgate Holdings Bhd
has returned above a positive trend line after a rebound earlier this month. At present, the share is looking bullish above rising short-term 14 and 21-day simple moving averages (SMAs), and looks set to maintain an upward trajectory.
There are some signs the uptrend could stall as the slow-stochastic has slipped below the overbought line.
However, other indicators remains positive with the 14-day relative strength index (RSI) rising to 67 points and the daily moving average convergence/divergence (MACD) histogram charting positive bars.
Resistance is pegged to the share’s historical trading high of RM2.53, which is expected to be soon broken.
...