Dufu Technology may rebound further after it tested the MYR1.85 support in its latest session. Given that the stock has formed a “Piercing Line” pattern on 18 Dec, this indicates a potential rebound. A bullish bias may emerge above the MYR2 level, with an exit set below the MYR1.85 level. Towards the upside, the immediate resistance is at MYR2.30. This is followed by the MYR2.67 level.

Source: RHB Securities Research - 19 Dec 2018