RHB Retail Research
Technical Analysis - Dufu Technology Corp.
Dufu Technology’s upside move may persist after it continued holding above the rising 21-day SMA line. This can also be viewed as a continuation of the bulls extending the upward momentum from 12 Nov’s upside gap. A bullish bias may emerge above the MYR2.30 level, with an exit set below the MYR2.00 level. Towards the upside, the immediate resistance is at MYR2.72. This is followed by the MYR3.00 level.
Source: RHB Securities Research - 3 Dec 2018
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