D&O Green Technologies is poised to continue its uptrend into uncharted territory as it managed to stay above the recent breakout level amid a mild pullback. Premised on a “higher high” structure, the bullish bias should remain above the MYR5.00 immediate support level. The next resistance level is pegged at the new high of MYR5.50, followed by the MYR6.00 psychological point. If the stock falls below the MYR4.90 support, this expectation would be nullified.

Source: RHB Securities Research - 16 Jul 2021