DUFU

Sector: Industrial Products & Services/ Hard Disk Drive etc.

Analyzed on 22/09/2021

Follow up from our previous analysis, DUFU had a EMA25/50 dead cross in mid-August which indicates bearish signal. We thought that the short-term downtrend will prevail as share price was below its EMA25/50 and both EMAs were sloping downwards.

However, DUFU rallied strongly today with a big green candle crossing both EMA25/50. Note that DUFU’s traded volume is also picking up as compared to recent week. As such, it seems like there is a possibility (not confirmed) that DUFU could reverse the short term downtrend.

Reason to monitor: Possibility of trend reversal

--------------------------------------------------------

Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and family!

 TELEGRAM ：https://t.me/nottinvest

 FB PAGE ：https://fb.com/NottInvest
--------------------------------------------------------

Cheers
NOTT INVEST 

Disclaimer: 

This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions. 

We shall not be liable for any errors or inaccuracies, regardless of cause.