D&O Green Technologies is moving sideways, testing the RM5.80 support level. With its 21-day moving average indicator in an uptrend, we see a possibility for a technical rebound. If this happens, we expect it to move towards the short-term target prices of RM6.07 and RM6.15. The downside support is projected at RM5.50. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM5.80

Target: RM6.07, RM6.15 (time frame: 2-4 weeks)

Exit: RM5.50
 

Source: AmInvest Research - 15 Oct 2021