RHB Retail Research
Technical Analysis - Dufu Technology Corp.
Dufu Technology formed a long white candle yesterday, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR2.48 level, with an exit set below the MYR2.18 threshold. Towards the upside, the near-term resistance is at MYR2.80. This is followed by the MYR3.00 level.
Source: RHB Securities Research - 25 Sept 2018
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