• 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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Created by rakutentrade | Jul 18, 2024