Rakuten Trade Research Reports

Technical View - Dufu Technology Corp. Bhd (DUFU, 7233)

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Publish date: Thu, 03 Oct 2019, 11:25 AM
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Dufu Technology Corp. Bhd (7233)

• DUFU rose 4.0% or 11 sen to RM2.87 yesterday.

• Yesterday’s long white candle saw a bullish breakout to hit new high of RM2.89 with improved trading volume.

• The bullish breakout on strong buying momentum coupled with positive technical indicator signals, share price is likely to continue charting new highs possibly testing the RM3.00 level.

• Key resistance level is at RM3.00 level and next is seen at RM3.38 (R2).

• Conversely, support levels are found at RM2.67 (S1) and RM2.53 (S2).

Source: Rakuten Research - 3 Oct 2019

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