D & O Green Technologies surged and hit the RM5.80 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM5.99, followed by RM6.05. The downside support is marked at RM5.56. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM5.80

Target: RM5.99, RM6.05 (time frame: 2-4 weeks)

Exit: RM5.56
 

Source: AmInvest Research - 15 Dec 2021