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REASON: NationGate Holdings Berhad has recently experienced a boost in revenue due to strong demand in its electronics manufacturing services (EMS), with increased traction in the semiconductors and automotive sectors. This reflects a positive outlook for the company’s growth trajectory.
The stock is currently trading near a key support level of RM1.74, aligning with the 0.618 Fibonacci retracement level, offering a strong entry point (EP). With a risk/reward ratio of 1.94, the stock is positioned to target RM2.40, making it a solid buy for short- to mid-term gains.
Financial Disclaimer:
This information is for educational purposes and not financial advice. All trading and investing involve risk, and past performance does not guarantee future results. KachiFX is not responsible for any losses incurred. Always do your own research and consult with a financial advisor before making any investment decisions.
Just as we said on our game plan, group entered at RM 1.800 and now its trading at RM 1.94. That’s a 7.78% return so far with TP1 achieved. Check out our tele for more analysis! :)
