Dufu Technology Corporation surged past the resistance level of RM1.69 at the latest session. With the momentum indicator RSI above 65%, the bullish momentum may continue and move towards a target price of RM1.81 followed by RM1.89. If it dips below RM1.69, it will move sideways and consolidate. The immediate support is anticipated at RM1.61, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy on continuation above RM1.69
Target: RM1.81, RM1.89 (time frame: 3-6 weeks)
Exit: RM1.61
Source: AmInvest Research - 10 Jul 2019
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