Dufu Technology Corp shot up to a new high in its lastest session. With the RSI indicator above 70%, it may continue to climb above the resistance price of RM2.31. If this happens, its short-term target prices will be RM2.42 and RM2.53. Meanwhile, it may move sideways if dips below the resistance in the near term. Support price is anticipated at RM2.16, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM2.31

Target: RM2.42, RM2.53 (time frame: 3-6 weeks)

Exit: RM2.16

Source: AmInvest Research - 4 Sept 2019