D&O

Sector: Technology / Semiconductor

Analyzed on 21/11/2021

Following up from our previous analysis, D&O has rocketed to a new high of RM6 before rejected by a resistance and retraced to RM5.30+ where its EMA25 and 50 are. The retracement could be due to wider market weaker sentiment. Looking at its Friday’s candlestick pattern, D&O could rebound higher next week to challenge its resistance again. RSI is at medium level. Traders could leverage on the technical support levels for trading. Investors who are interested in D&O who is the Top 5 car’s LED manufacturer and wish to ride on the booming smart vehicle and EV trend, could add more shares at support levels.

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