The strong resistance appears to be at RM5 on the weekly chart. If RM5 is broken, D&O pricing is expected to rise much further. Furthermore, the present D&O chart pattern is an ascending triangle. The ascending triangle is a pattern that continues upwards. Nasdaq's global index has been breaking out 14000 level since June 23, 2021. As a result, I predict the technology stock in the local market will follow the Nasdaq too.
Target Profit: RM6.18 Support: RM5 Resistance Become Support (RBS) * If Breakout Target Time Frame: (2-3 Weeks) Potential Gains: 20%
*Disclaimer: i) I'm not a financial advisor, all my sharing is for educational purpose only. ii)Please consult with your financial advisor and seek for advise before buy and sell.