D&O Green Technologies surged past the RM0.86 resistance level with higher trading volume. Given that the RSI indicator is pointing upwards, coupled with a bullish white candlesticks pattern, we believe that there could be a technical breakout above the resistance level. If this happens, it may climb towards the short-term target prices of RM0.925 and RM0.965. The downside support is anticipated at RM0.81, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.86
Target: RM0.925, RM0.965 (time frame: 2-4 weeks)
Exit: RM0.81

Source: AmInvest Research - 30 Jul 2020