Stock Picks Of The Day – Nationgate, Mi Technovation

NationGate is exhibiting a bullish setup, and is poised to extend its upside movement.

RHB Retail Research said today (July 17) since crossing above the 21-day SMA line, the stock has been moving on an uptrend, charting a series of “higher highs” and “higher lows”.

Meanwhile, the stock has broke past the MYR1.46 resistance on strong volume, signifying the bullish momentum is increasing again.

An extension of this movement will see the stock climb towards MYR1.56, followed by MYR1.70.

On the flipside, falling below the MYR1.38 support will pause the bullish movement.

Mi Technovation has staged a bullish breakout, showing that strong momentum is in play now. Observe that the stock has crossed above the 21-day SMA line and trading volume is increasing.

This shows the bullish setup is in place now.

After breaking past the MYR1.55 resistance, the stock is eyeing to test the next resistance pegged at MYR1.70, followed by MYR1.83.

On the other hand, falling below the MYR1.45 support would kick off the correction phase.

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