Rakuten Trade Research Reports
Technical View - D&O Green Technologies Bhd (D&O, 7204)
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Publish date: Thu, 02 Apr 2020, 10:43 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 inched up 0.94% or 0.5 sen to RM0.535 yesterday.
• Share price has fallen over 40% from its 52-week high of RM0.925. Recent trading activities could suggest renewed interest supported by higher trading volume. As such, we expect the share price recovery to continue, potentially to rebound higher.
• From here, resistance levels are seen at RM0.62 (R1) and further to RM0.68 (R2)
• Conversely, support levels are identified at RM0.50 (S1) and RM0.43 (S2).
Source: Rakuten Research - 2 Apr 2020
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