RHB Retail Research
Technical Analysis - Dufu Technology
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Dufu Technology formed a long white candle, indicating that the momentum of buying could be strong. Last Friday’s candle can be regarded as a continuation of the rebound that started off 11 Jul’s “Hammer” pattern. A bullish bias may emerge above the MYR1.09 level, with an exit set below the MYR0.94 threshold. Towards the upside, the immediate resistance is at MYR1.20. This is followed by the MYR1.30 level.
Source: RHB Securities Research - 23 Jul 2018
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