D & O Green Technologies is poised for an uptrend rebound as it climbed higher towards hitting the MYR4.04 immediate resistance (17 Jun’s high) yesterday on improved trading volume – surpassing the 21-day average line. If it manages to breach above the resistance level, the stock may climb further towards the MYR4.20 resistance, or 21 Apr’s high, followed by MYR4.43, or 11 Apr’s high. If it falls below the support level of MYR3.82, the stock may trend downwards below the average line.

Source: RHB Securities Research - 28 Jun 2022