Rakuten Trade Research Reports
Technical View - D&O Green Technologies Bhd (D&O, 7204)
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Publish date: Tue, 29 Oct 2019, 09:25 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
D&O Green Technologies Bhd (7204)
• D&O rose 3 sen or 4.2% to RM0.74 last Friday.
• Share price has broken a series of resistance levels on the back of higher trading volume. With the share price now trading above all key moving averages, we expect the uptrend to sustain supported by bullish MACD.
• From here, resistance levels are expected at RM0.80 (R1) and RM0.85 (R2).
• On the contrary, downside support levels are identified at RM0.65 (S1) and RM0.60 (S2).
Source: Rakuten Research - 29 Oct 2019
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