Dufu Technology Corporation may trend higher after it surged to a new 52-week high and closed above the RM2.25 resistance a few weeks ago. As the 20-day and 50-day EMAs have established a bullish crossover since early April, the stock looks positive in the near term. A bullish bias may emerge above the RM2.25 level with stop-loss set at RM2.12, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.60, followed by RM2.80.
Entry : RM2.25–2.38
Target : RM2.60, RM2.80
Exit : RM2.12
Source: AmInvest Research - 4 Jun 2024
Chart | Stock Name | Last | Change | Volume |
---|