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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Fri, 22 Nov 2019, 9:44 AM

 

Technical View - D&O Green Technologies Bhd (D&O, 7204)

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D&O Green Technologies Bhd (7204) 

  • D&O closed 3.1% or 1.5 sen higher to RM0.50 yesterday.
  • The recent stronger share price on the back of higher-than-average trading volume could signal downtrend reversal. With the positive movement of key momentum indicators, we expect the reversal of the share price to persist.
  • As such, resistance levels are found at RM0.61 (R1) and further to RM0.64 (R2).
  • Conversely, support levels are identified at RM0.52 (S1) and RM0.49 (S2). 

Source: Rakuten Research - 10 Jul 2019

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Labels: D&O

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Chart Stock Name Last Change Volume 
D&O 0.75 +0.005 (0.67%) 925,200 

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