RHB Retail Research
Trading Stocks - Dufu Technology Corp.
Dufu Technology may rise higher after posting a long white candle and hitting its 2-month high. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR1.65 level, with an exit set below the MYR1.57 threshold. Towards the upside, the immediate resistance is at MYR1.85. This is followed by the MYR1.98 level.
Source: RHB Securities Research - 10 Jul 2019
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