Dufu Technology Corp rose and tested the RM4.44 resistance level. With its RSI indicator in an uptrend, coupled with a 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 RM4.62 and RM4.72. The downside support is projected at RM4.21. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM4.44

Target: RM4.62, RM4.72 (time frame: 2-4 weeks)

Exit: RM4.21

Source: AmInvest Research - 3 Nov 2021