Dufu Technology has been testing the resistance price of RM1.92 in the past few session. It may continue to climb higher towards short-term target prices of RM2.04 and RM2.18. Meanwhile, it may move sideways if it fails to cross the RM1.92 mark in the near term. Support price is then anticipated at RM1.78, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout above RM1.92

Target: RM2.04, RM2.18 (time frame: 3-6 weeks)

Exit: RM1.78

Source: AmInvest Research - 2 Aug 2019