AmInvest Research Reports

Stock on Radar - Dufu Technology Corporation

AmInvest
Publish date: Tue, 04 Jun 2024, 11:01 AM
AmInvest
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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

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