D&O Green Technologies formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s close sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.785 level, with an exit set below the MYR0.705 threshold. Towards the upside, the near-term resistance is at MYR0.90. This is followed by the MYR1.00 level.
Source: RHB Securities Research - 21 Sept 2018
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Created by rhboskres | Aug 26, 2024