KUALA LUMPUR (Dec 19): RHB Retail Research said D&O Green Technologies Bhd is set to resume its uptrend after it bounced off the RM4.20 support level last Friday from a recent pullback, firming up the Dec 1 breakout above that level.

In a trading stocks note on Monday (Dec 19), the research house said that as strong buying interest was observed above the immediate support level, the counter is likely to propel further towards the RM4.50 level, followed by the RM5.00 threshold.

“The momentum may reverse if it drops below RM4.00, forming a 'lower low' bearish pattern, below the average line,” it said.