D&O Green Technologies surged past the resistance price of RM0.55 in its latest session with higher trading volume. With a rising RSI, the short-term momentum could reach a target price of RM0.59, followed by RM0.625. If it dips below RM0.55, it will lose momentum and move sideways. Support price is anticipated at RM0.515 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.55

Target: RM0.59, RM0.625 (time frame: 3-6 weeks)

Exit: RM0.515

Source: AmInvest Research - 2 Jul 2019