D'nonce Technology rose and touched the RM0.345 resistance level. With its 21-day moving average in an uptrend, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.365, followed by RM0.375. The downside support is marked at RM0.315. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.345

Target: RM0.365, RM0.375 (time frame: 2-4 weeks)

Exit: RM0.315
 

Source: AmInvest Research - 11 Jan 2022