RHB Retail Research
Trading Stocks - Dufu Technology Corp.
Dufu Technology may rise higher after hitting its highest close in more than a month. Given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR1.56 level, with an exit set below the MYR1.39 threshold. Towards the upside, the near-term resistance is at MYR1.77. This is followed by the MYR1.98 level.
Source: RHB Securities Research - 12 Jun 2019
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