Dufu Technology was testing the RM2.45 level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM2.72. Meanwhile, it may continue sideways if it fails to cross the RM2.45 mark in the near term. In this case, the immediate support is anticipated at RM2.25, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on uptrend continuation above RM2.45

Target: RM2.72 (time frame: 3-6 weeks)

Exit: RM2.25

Source: AmInvest Research - 13 Dec 2018