AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 12 Nov 2019, 9:17 AM


Stocks on Radar - D&O Green Technologies (7204)

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D&O Green Technologies was testing the RM0.56 mark in its latest session. With an RSI level above 50%, a bullish bias may be present above this point with a target price of RM0.60, followed by RM0.63. Meanwhile, it may continue trending sideways if it fails to cross the RM0.56 mark in the near term. In this case, support is anticipated at RM0.52 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.56

Target: RM0.60, RM0.63 (time frame: 3-6 weeks)

Exit: RM0.52

Source: AmInvest Research - 6 Sept 2019

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Labels: D&O

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