Naim Holdings is likely to resume its uptrend after the recent consolidation above the MYR0.975 breakout level.
RHB Retail Research in a note today (Apr 25) said coupled with strong trading volume, the house expects the stock to trend higher
towards the MYR1.10 recent high, followed by the MYR1.20 next resistance.
On the flip side, falling below the MYR0.875 support negates the bullish setup.
NationGate Holdings is observing a technical breakout after climbing above the MYR1.70 immediate resistance on surging trading volume.
As such, the bullish momentum may propel the stock higher towards MYR1.90, followed by the MYR2 mark.
However, breaching below the MYR1.54 support results in the resumption of the correction phase.
