D&O Green Technologies is climbing higher, testing the RM4.20 resistance level. With its 21-day moving average indicator in an uptrend, coupled with stronger trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM4.45 and RM4.65. The downside support is projected at RM3.75. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM4.20

Target: RM4.45, RM4.65 (time frame: 2-4 weeks)

Exit: RM3.75

Source: AmInvest Research - 22 Mar 2021