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