Yesterday, DUFU’s share price surged 3.5 sen or +14.3% to end at RM0.28. DUFU’s technical picture looks interesting, as the share price has finally broken out from its multiple-year downtrend resistance at RM0.25. Positive readings from key momentum indicators suggest that investors have turned bullish on the stock. Moreover, the share price is well supported by the 20-, 50- and 100-day SMA level. Should buying interest persist, we believe that the share price could rally towards RM0.33 (R1) and possibly RM0.38 (R2) next.

 

Source: Kenanga