Rakuten Trade Research Reports
Technical View - Dufu Technology Corp. Bhd (DUFU, 7233)
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Publish date: Thu, 21 Nov 2019, 10:57 AM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Dufu Technology Corp. Bhd (7233)
• DUFU rose 3.8% or 11 sen to RM2.97 yesterday.
• Share price ended with a long white candle, closing above 50-day moving average line supported by higher trading volume. With the positive signals on key momentum indicators, we believe the bullish up-trend line remains intact to re-test RM3.19 level and chart new highs.
• Resistance levels are identified at RM3.00 (R1) and RM3.08 (R2).
• Conversely, support levels can be identified at RM2.80 (S1) and RM2.69 (S2).
Source: Rakuten Research - 21 Nov 2019
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