D&O Green Technologies was testing the RM0.80 level during its intraday high. With a healthy RSI level, it may move higher above this point with a target price of RM0.85, followed by RM0.92. Meanwhile, it may continue trending sideways if it fails to cross the RM0.80 mark in the near term. In this case, support is anticipated at RM0.74, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.80

Target: RM0.85, RM0.92 (time frame: 3-6 weeks)

Exit: RM0.74

Source: AmInvest Research - 21 Feb 2019