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
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Created by AmInvest | Oct 01, 2024