Yesterday, D.B.E gapped up at the opening on follow-through buying that was very encouraging as the stock was moving towards the RM0.11 peak recorded in Nov last year. We think these two positive technical developments may eventually drive the stock to break out from the RM0.11 level. Hence, traders can accumulate the shares at between RM0.11 and the current level. We are betting on a breakout which will likely see the stock testing the next major hurdle at RM0.125.
Our cut-loss level is pegged at below the “Upside Gap” at RM0.09.
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