Dufu Technology Corp. surged past the resistance level of RM4.70 with higher trading volume. With an RSI level above 75%, it may continue to climb above the resistance price and move towards the short-term target price of RM5.00 followed by RM5.25. If it closes below RM4.70, expect a sideway movement. Support is anticipated at RM0.895, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM4.70

Target: RM5.00, RM5.25 (time frame: 3-6 weeks)

Exit: RM4.45

Source: AmInvest Research - 21 Feb 2020