Dufu Technology is poised to rebound higher after bouncing off the 21-day average line last Friday, while moving towards the MYR2.90 immediate resistance, on strong volume. If a breakout occurs above that level, the bullish bias may propel the stock towards the MYR3.00 mark, before reclaiming March’s high of MYR3.15 (a resistance level). However, the stock may reverse direction if it falls below the MYR2.61 support – forming a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 27 Jun 2022