NGGB: Consolidation BreakoutJust breakout of the range and break above the 200ma. RSI is at overbought level, further retracement is expected. Best entry around support area of 0.240-0.23. Cutloss a few bids below support and take profit target 0.285.Longby TradersEdgeKLSEUpdated 4
NGGB showing good movementWe have seen NGGB starting a good movement yesterday, hopefully NGGB will continue going up with the good news today has been flying around. So next Resistance target will be at 0.425 Goodluck Tradersby Trader_Cenonet1122
NGGB (#2) – A good spike, +20% Greetings. Here is my update on the technical review on NGGB written on 30th Oct. (Link - ) 1. Refer to the previous analysis on NGGB, I spotted a series of 10 days support above 0.46 which forms the flag pattern. 2. NGGB has finally showed momentum, surging the price from 0.47 to a high of 0.565 just within 3 days. The two key Fibonacci key levels (resistance : 0.505 and 0.535) was broken (refer to the previous post). 3. Based on the current key Fibonacci levels, 0.565 is the current resistance point (100% Fibo key), breaking this point will indicate that the next target price will be 0.595 which the next key level (123% Fibo key). 4. Current support will be 0.54, 0.52, 0.505. This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers by PeterTing2
NGGB – Looking for another rally? Greetings. Here is my technical review of NGGB. 1. The formation of a flag pattern is seen, a sign of a bullish continuation 2. With 0.46 as crucial support, if the previous high, 0.505 is broken, the likely target next will be 0.535 This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers by PeterTing0
Potential Breakout Stock – NextGreen Global (7241.KL)NextGreen still holding in the support level despite bearish market in KLSE. Notice from the daily chart above, smart money has accumulated the stock with low volume and pushes the price higher on September and October with high volume. Currently price is moving sideways with lower volume indicate smart money is still interested by absorbing the supply slowly. Smart money tends to re-test the supply at the support level and this will offer you a good chance to buy at lower risk. Place you stop loss at RM0.45 and partial profit at RM0.50 Longby MartinTFWong113