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D & O GREEN TECHNOLOGIES BERHADD & O GREEN TECHNOLOGIES BERHADD & O GREEN TECHNOLOGIES BERHAD

D & O GREEN TECHNOLOGIES BERHAD

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D&O trade ideas

D&O : End of mania? (Long term - Wave analysis)With the growing global demand in EV-related components, D&O along with other semiconductor peers in general were among the best performers in technology stocks last year. On the monthly chart, we can see a powerful rally in a parabolic fashion since the recovery from March 2020 global market meltdown triggered by the Covid-19 pandemic. As we see on the chart, the powerful rally forms an extended version of the 5th wave of a larger degree wave 3. As guided by Elliot, when the 5th wave of an impulsive wave is extended it often ends at a phi/fibbonacci proportion of the range of waves 1 through waves 3. We applied the latter to our wave analysis and found that the ATH level for D&O ends at 7.618 fib extension level. Although the price is still making a series of higher highs and higher lows, we noticed some hesitation in the recent price movements. RSI on the other hand seems 'tired' on the monthly chart and it keeps on showing negative divergence while volume are diminishing with each recent new highs on daily and weekly charts (Not shown here) which implies that the uptrend is weakening and may not sustain for long. We are not sure where wave 3 will terminate but we are in a view that the bulls are becoming exhausted and a correction might soon follow.
MYX:D&O
by afiz_285
D&O should be scaling new heights (TA perspective) [UPDATED]MYX:D&O D&O has completed its 2 week consolidation and was strongly supported by its EMA42 (Red) line. For the past week, its price remained elevated above the EMA18(Green) line and was able to come to a strong weekly close at the high of 4.25. This strongly suggests a continuation of the bullish momentum in the coming week. Important indicators (Daily): MACD - Converging, and a Golden Cross may materialise. (Buy signal) RSI - Remains elevated but below 80. Suggests strong buying momentum with low concerns of overbuying. (Buy signal) EMA - Price closed above both short term(18) and mid term(42) EMA lines. (Buy signal) Important price levels: Resistances - R1 = 4.60 Supports - S1 = 4.25, S2 = 4.00, S3 = 3.80, S4 = 3.60 Uptrend channel boundaries should also be carefully considered as supports/resistances Potential movement next week, ceterus paribus: A test of the resistance for a potential breakout. A retest of support range 4.15 - 4.25 if breakout fails. A sustained break above 4.60 followed by a MACD Golden Cross should attract strong demand for the stock, allowing it to scale new heights. Conversely, a slide below S2 = 4.00 should raise concerns and any buying decisions should be held off until a clearer signal surfaces. This is not a buy/sell call. The final decision is always yours. -FairTrades
MYX:D&OLong
by FairTrades
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