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 surged past the resistance price of RM0.635 in its latest session with higher trading volume. With an RSI pointing above 70%, the short-term momentum could reach a target price of RM0.68, followed by RM0.705. If it dips below RM0.635, it will continue to move sideways and consolidate. The support price is anticipated at RM0.595 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.635
Target: RM0.68, RM0.705 (time frame: 3-6 weeks)
Exit: RM0.595

Source: AmInvest Research - 16 Oct 2019

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Labels: D&O

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