D&O Green Technologies is expected to move towards its historical high, as it managed to bounce above the sideways consolidation on high volume recently. Coupled with a “higher high” price structure that emerged above the 21-day SMA line, the bullish momentum – above the MYR4.60 (resistance-turned support) level – should propel the stock towards the next resistance of MYR5.09 (a historical high), followed by the new high of MYR5.20. This expectation will be void if it drops below the MYR4.48 support level.

Source: RHB Securities Research - 17 Jun 2021