D&O Green Technologies bounced higher to test the RM0.81 resistance level. With the RSI indicator pointing upwards, coupled with a rising 21-day moving average, we foresee that there could be a technical breakout above the resistance level. If this happens, it will travel towards the short-term target price of RM0.835 followed by RM0.86. In this case, the downside support is marked at RM0.765, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.81

Target: RM0.835, RM0.86 (time frame: 2-4 weeks)

Exit: RM0.765

Source: AmInvest Research - 7 Jul 2020