RHB Retail Research
Trading Stocks - Dufu Technology Corp.
Dufu Technology may rise higher after it recently breached above the downtrend line drawn in the chart. This upward momentum is likely to continue, given that it has posted a third consecutive white candle. A positive bias may emerge above the MYR3.00 level, with an exit set below the MYR2.78 threshold. Towards the upside, the immediate resistance is at MYR3.30. This is followed by the MYR3.50 level.
Source: RHB Securities Research - 22 Nov 2019
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