Sector: Technology

Analysed on 19/09/21

D&O was traded actively this week and closed at its all-time high of RM5.890 on Friday. D&O had been moving sideways and well supported at EMA50 since we last covered in our weekly technical analysis. We first covered on D&O around mid of June because it is one of the best performing tech counters in Bursa. This is again proven when D&O being one of the very few tech counters that sustain above EMA50 during the recent price correction.

D&O is currently trading at RM5.890, with immediate support at RM5.700 and immediate resistance at RM5.900. Both EMA25 and EMA50 are sloping upwards, indicating an uptrend rally. We are in opinion that it could be risky to enter now as the current price is a bit far from EMA25. Investor may need to wait for retracement and take EMA25 as reference for entry point.

Reason to Monitor: Technical Breakout

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NOTT INVEST 

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