D & O Green Technologies is set to rebound higher as it reversed its recent pullback yesterday to breach the MYR6.00 threshold – firming up its “higher low” bullish pattern. If the bulls follow through, the stock may travel towards the resistance point of MYR4.92, before heading for MYR5.25 – the highest point since 10 Feb. If it falls below the support level of MYR4.42, the stock will likely move downwards, printing a “lower low” bearish structure.
Source: RHB Securities Research - 6 Apr 2022
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Created by rhbinvest | Apr 25, 2024