Recall on 18 July 2014, we highlighted that DUFU’s share price has finally broken out from its multiple-year downtrend resistance at RM0.25 and possibly might rally towards RM0.33 (R1). However, for the past 3 months, DUFU hit the recent high of RM0.30 and traded in the range of RM0.225-RM0.30. Yesterday, DUFU managed to close at RM0.305 (+8.9%) and above all its SMA trend lines. Positive readings from key indicators (MACD, Stochastic and RSI) and strong daily trading volume, indicating that buying interest is piling up. Thus, should the buying interests remain; we reckon that the share price may rally towards RM0.34 (R1) soon.

 

 

Source: Kenanga