D&O Green Technologies is demonstrating a bullish setup after breaking the key resistance. The stock has climbed above the MYR3.70 resistance to form a “higher high” bullish candlestick. The latest breakout, coupled with the rising volume, indicate the bullish momentum is gaining pace. We expect the follow-through momentum to propel the stock towards the next resistance at MYR4.10, followed by MYR4.50. Conversely, falling below the MYR3.50 support will kick off the correction phase.
 

Source: RHB Securities Research - 18 Jun 2024