DUFU (Not Rated)

• DUFU lost 8.0 sen (-2.03%) to close at RM3.86 yesterday.
• Chart-wise, the stock has been hovering below the 50-days SMA for few days, attempting to break above the strong resistance level at the 50-days SMA.
• Given the bearish sign from MACD indicator and uninspiring momentum signal, we expect the stock to experience downward pressure ahead.
• From here on, key support levels are seen at 100-days SMA of RM3.60 (S1) and the next immediate support will be at RM3.30 (S2).
• Conversely, key resistance levels can be seen at RM4.50 (R1) and RM4.85 (R2).

HARTA (Not Rated)

• HARTA gained 8.0 sen (+1.25%) to end at RM6.48 yesterday.
• Chart-wise, the stock continued to trade higher and close above all the key SMAs, backed by higher-than-average trading volume.
• Coupled with bullish crossover from MACD indicator, we believe the stock price could move higher.
• From here on, key resistance levels can be found at RM6.70 (R1) and RM7.00 (R2).
• Conversely, downside supports can be identified at RM6.25 (S1) and RM6.00 (S2).

Source: Kenanga Research - 12 Mar 2020