D&O Green Technologies’ buying momentum may have returned after it rose above the 55-day SMA line. Given that the stock has formed a “Hammer” pattern on 25 Oct, this indicates a potential rebound. A bullish bias may emerge above the MYR0.805 level, with an exit set below the MYR0.78 threshold. Towards the upside, the immediate resistance is at MYR0.88. This is followed by the MYR0.93 level.

Source: RHB Securities Research - 26 Oct 2018