Dufu Technology Corporation Berhad

• Share price closed 3.24% higher at RM2.23 on Thursday.

• DUFU broke up from its resistance level at RM2.22 yesterday with decent buying interest for the past 2 trading days. It has rebounded from the support level formed at RM2.06, which also corresponds to the higher low that was formed. Coupled with MACD crossover and indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM2.25 (R1) and RM2.31 (R2).

• On the flipside, support levels are pegged at RM2.06 (S1) and RM1.96 (S2).

Source: Rakuten Research - 24 Mar 2023

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