• D&O closed 4.5% or 8 sen higher to RM1.86 yesterday.
• Share price remains firmly above all key moving average lines with an upward trendline. With technical indicators showing signs of positive buying momentum, we expect share price to move higher possibly charting new high.
• From here, resistance levels are seen at RM1.97 (R1) and RM2.05 (R2) level.
• Conversely, support levels are set at RM1.79 (S1) and RM1.61 (S2).
Source: Rakuten Research - 22 Dec 2020
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Created by rakutentrade | Nov 05, 2024