D&O Green Technologies is eyeing to extend the technical rebound after testing the immediate resistance on strong volume. The counter has printed a bullish candlestick, showing that the bullish momentum is picking up pace. If it closes above the MYR2.18 resistance, this will attract further buying interest. In this case, the stock will travel towards the MYR2.35 level, followed by the MYR2.55 mark. However, a fall below the MYR2 support resumes the bearish phase.

Source: RHB Securities Research - 17 Sept 2024