Dufu Technology retreated after failing to break above the resistance price of RM1.87. With RSI level above 70%, uptrend momentum may resume if it breaks above the resistance price of RM1.87 in upcoming sessions. If this happens, its short-term target price will be RM2.06 followed by RM2.24. Support price is anticipated at RM1.69, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on rebound above RM1.87

Target: RM2.06, RM2.24 (time frame: 4-8 weeks)

Exit: RM1.69

Source: AmInvest Research - 10 Apr 2019