RHB Investment Research Reports

Trading Stocks - D&O Green Technologies

Publish date: Tue, 18 Jun 2024, 11:10 AM
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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

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