NATGATE, close gap?There's a possibility that the price could simply close the gap and continue the downtrend if the selling pressure remains strong.
For any potential reversal to take shape, the 2.05 level must be broken convincingly. That key resistance level needs to be overcome for the trend to shift or for a stronger bullish momentum to begin.
Until then, we may see more consolidation or downward movement. It’s all about watching how the price reacts to these levels in the coming sessions. Patience and careful observation are crucial here.
Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
NATGATE trade ideas
NATGATE - 11 RECORD SESSION LOWS ?NATGATE - CURRENT PRICE : RM1.79
On 02 August 2024, the stock made a FALLING WINDOW . The selling pressure continues until price starts to stabilize and create a double bottom support level near RM1.65 - 1.68.
On 29 October 2024, the share price closes above the top of FALLING WINDOW resistance level indicates strong bullish momentum. At the same time, the share price also successfully closed above ICHIMOKU CLOUD (after trading below KUMO almost 3 months). This two scenario gives strong bullish outlook for NATGATE. From here, the stock continue moving upside until RM3.03 (ALL TIME HIGH) - upside movement of 40% from the breakout point on 29 OCTOBER 2024.
After reach ALL TIME HIGH, the stock made an EVENING STAR pattern. From there, the stock starts declining and makes 11 RECORD SESSION LOWS.
Here is the important points to have a look. We can expect a rebound from current price as there are some hints given by chart :
1) 11 RECORD SESSION LOWS creates an OVERSOLD situation (The record session topic is discussed by STEVE NISON in his book - BEYOND CANDLESTICK , PAGE 121 - 127)
2) The last two session was bullish HAMMER - the long lower shadows give hint that potential bottom had reached and the bears are getting tired.
3) Price bounce from the previous DOUBLE BOTTOM support level area near RM1.65 - RM1.68 indicates that the BULLS are aggresively buying the shares near the support level.
In conclusion, as a aggresive trader, this is an oppurtunity for me to buy the stock at price RM1.79 - RM1.81. If as expected the share price starts rebound higher, i would take my profit at RM1.95 (+8%) and RM2.05 (+14%). My support level will be RM1.68 (the low of bullish hammer). My time frame for trading this stock is only one month.
ENTRY PRICE : RM1.79 - RM1.81
TARGET PRICE : RM1.95 , RM2.05
STOP LOSS : RM1.68
TIME FRAME - Not more than ONE MONTH
TAYOR !
Simple13 Trading IdeaTo me, NationGate remains one of the strongest tech stocks and a key player in the Data Center theme. Despite the recent 20% drop from its peak, I see this as an opportunity rather than a concern.
📉 Current Situation:
The stock price has experienced strong selling momentum, likely driven by macro issues and profit-taking by traders.
This presents a potential buying opportunity, especially for those who believe in its long-term growth story.
📈 My Strategy:
1️⃣ First Entry:
At RM 2.20, which aligns with the Fibonacci 0.5 retracement support level.
2️⃣ Second Entry:
At RM 2.00, near the Fibonacci 0.618 retracement support level.
3️⃣ Additional Investment:
If the stock doesn’t fall to RM 2.00, I will add to my position near the trendline support.
💡 For New Investors:
If you don’t currently hold NationGate, this recent price drop might be a good entry point for investment or portfolio addition.
🔮 Why I’m Optimistic:
I believe NationGate’s fundamentals remain strong, and its future growth prospects in the tech and data center industries are solid.
The current pullback is temporary and largely influenced by external factors.
Disclaimer: This is not financial advice. Conduct your own research before making investment decisions. MYX:NATGATE
NATGATEOur algorithm has identified potential upward signals in the current market. Increased trading volume and prices above the EMA20 and EMA50 suggest a possible upward trend.
💡Trading idea dan plan:
✅Entry: 2.14
🛑Stop Loss @SL: 1.85
🎯Target Price @TP1: 2.40
🎯Target Price @TP2: 2.70
🎉Target Price @TP3: 3.00
(This trading plan is for reference only and may vary based on your entry point and risk tolerance.)
Remember, trading strategies are just 10-20% of your overall success. The real key lies in effective risk management. Having a solid trading plan and proper position sizing are crucial for maintaining the right trading psychology. Master your risk management and stick to your plan.
Happy trading!
NATGATE - Potential Pullback on the Horizon?The stock has just closed above the key RM1.80 level, maintaining its position in line with the Hull Moving Average (HMA), suggesting some strength in the current trend. However, it's worth noting that the MACD remains in a downtrend (DC), signaling that momentum could still be weak. Investors should keep a close watch for any signs of a pullback, especially if the stock struggles to gain further upward traction.
It's crucial to not only know the right time to buy but, more importantly, to be ready and willing to sell when the time comes!
Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.