Nott Invest
D&O - Where is it going?
Nott_Invest
Publish date: Mon, 28 Jun 2021, 10:44 AM
D&O
Sector: Technology / Automotive
D&O turned weak and broke the support of RM4.750 last week. D&O is currently trading at EMA25, which is RM4.630 with immediate support at RM4.550. Double Top Pattern is spotted and this indicates that RM5.000 region is a strong resistance. D&O needs to climb back to RM4.750 in order to maintain its current uptrend rally.
The support at RM4.550 is important as further drop below RM4.550 will suggest that the short-term trend for D&O has become weak.
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