Dufu Technology formed a long white candle, indicating that the momentum of buying could be strong. This can be viewed as a continuation of the bulls extending the buying momentum from 20 Aug’s upside gap. A bullish bias may emerge above the MYR2.16 level, with an exit set below the MYR2.02 threshold. Towards the upside, the immediate resistance is at MYR2.40. This is followed by the MYR2.55 level.
Source: RHB Securities Research - 28 Aug 2019
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Created by rhboskres | Aug 26, 2024