RHB Investment Research Reports

Trading Stocks - Dufu Technology

rhbinvest
Publish date: Mon, 27 Jun 2022, 10:04 AM
rhbinvest
0 1,314
An official blog in I3investor to publish research reports provided by RHB Research team.

All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com

RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

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

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment