DUFU (Not Rated)

• DUFU gained 11.0 sen (+6.51%) to close at RM1.80 yesterday.
• The share has been trending between RM1.49 and RM1.91 since mid-January.
• Coupled with the formation of a long bullish candlestick and above-average trading volume, we reckon that buying interest could have resumed.
• Should buying momentum persist, we expect the share to test its overhead resistance at RM1.90 (R1) and RM2.10 (R2).
• Conversely, downside supports can be found at RM1.50 (S1) and RM1.40 (S2).

HTPADU (Not Rated)

• Yesterday, HTPADU gained 9.5 sen (+12.75%) to close at RM0.840.
• Chart-wise, the share has been consolidating since its sharp spike in mid-Jan 2019. Notably, yesterday’s move saw a long bullish candlestick which share punched above its 50-day SMA signalling strong buying interest.
• Key momentum indicators are also trending upwards, which leads us to believe that there could be more upside.
• Resistance levels to look out for are RM0.965 (R1) and RM1.16 (R2).
• Conversely, downside supports can be found at RM0.750 (S1) and RM0.655 (S2).

Source: Kenanga Research - 5 Apr 2019