Dufu Technology Corp rose and tested the RM4.37 resistance level. With its RSI indicator in an uptrend, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM4.52 and RM4.60. The downside support is projected at RM4.15. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM4.37
Target: RM4.52, RM4.60 (time frame: 2-4 weeks)
Exit: RM4.15
Source: AmInvest Research - 11 Jun 2021
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Created by AmInvest | Sep 19, 2024