D&O Green Technologies surged with high trading volume, to test the immediate resistance of MYR1.12. If it breaks out from the resistance level, we should see an extension of a new uptrend beginning. If this happens, the bullish momentum should send the share price towards MYR1.18, followed by MYR1.26. A downside breach of the MYR1.04 support would negate this expectation, and the stock may fall back into a sideways consolidation mode
Source: RHB Securities Research - 16 Oct 2020
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Created by rhboskres | Aug 26, 2024