DUFU (Not Rated)

• DUFU gained 21.0 sen to close at RM3.29 yesterday.
• Chart-wise, the stock has rebounded and broken above the 20-days SMA line, backed by higher-than-average trading volume.
• Coupled with bullish crossover signal from MACD indicator, we believe the stock could trade higher.
• From here on, overhead resistance can be seen at RM3.80 (R1) and RM4.20 (R2).
• Conversely, downside supports can be identified at RM2.80 (S1) and RM2.50 (S2).

YINSON (Not Rated)

• Yinson lost 1.0sen (-0.21%) to close at RM4.77 yesterday.
• Chart-wise, the stock has broken below the “Flag” continuation pattern, accompanied with higher-than-average trading volume.
• Coupled with bearish signal from MACD indicator, we believe the stock could move lower.
• Should selling momentum persist, support levels are at RM4.50 (S1) and RM4.00 (S2).
• Conversely, resistance levels can be identified at RM5.50 (R1) and RM6.00 (R2).

Source: Kenanga Research - 1 Apr 2020