NATGATE - CURRENT PRICE : RM1.57
On 08 MAY 2025, the stock made a small gap up and closed higher at RM1.58 - with high trading volume. From there the share price rises few days and touched intraday high at RM1.81 on 15 MAY 2025.
Then the stock retrace and now it bounced from the small gap zone. The small gap zone may acts as strong support level. At the same time, there is also EMA-50 support. STOCHASTIC OSCILLATOR shows an oversold situation (which indicates rebound may happens in near term) while RSI is still above 50 (BULLISH).
At current moment this trade gives an attractive RISK REWARD RATIO. My entry price will be RM1.55 - RM1.58.
For target price, there are two strong resistance.
1. EMA 200
2. The high of LONG BLACK CANDLESTICK (03 MARCH 2025 candle)
One of my trading technique is I would take profit one or two bids below the actual RESISTANCE LEVEL. As such, my 1st target for NATGATE will be RM1.73 (below EMA 200) and 2nd target is RM1.85 (below actual RESISTANCE RM1.87 - The high of 30 MARCH 2025 long black candlestick).
ENTRY PRICE : RM1.55 - RM1.58
TARGET PRICE : RM1.73 and RM1.85
SUPPORT : RM1.50
Notes : Please be aware also that the company is going to announce its QUARTER EARNINGS approximately end of month.
On 08 MAY 2025, the stock made a small gap up and closed higher at RM1.58 - with high trading volume. From there the share price rises few days and touched intraday high at RM1.81 on 15 MAY 2025.
Then the stock retrace and now it bounced from the small gap zone. The small gap zone may acts as strong support level. At the same time, there is also EMA-50 support. STOCHASTIC OSCILLATOR shows an oversold situation (which indicates rebound may happens in near term) while RSI is still above 50 (BULLISH).
At current moment this trade gives an attractive RISK REWARD RATIO. My entry price will be RM1.55 - RM1.58.
For target price, there are two strong resistance.
1. EMA 200
2. The high of LONG BLACK CANDLESTICK (03 MARCH 2025 candle)
One of my trading technique is I would take profit one or two bids below the actual RESISTANCE LEVEL. As such, my 1st target for NATGATE will be RM1.73 (below EMA 200) and 2nd target is RM1.85 (below actual RESISTANCE RM1.87 - The high of 30 MARCH 2025 long black candlestick).
ENTRY PRICE : RM1.55 - RM1.58
TARGET PRICE : RM1.73 and RM1.85
SUPPORT : RM1.50
Notes : Please be aware also that the company is going to announce its QUARTER EARNINGS approximately end of month.
Trade closed: stop reached
Note
Selling pressure due to company Quarterly Earnings Announcement
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.