RHB Retail Research
Trading Stocks - Dufu Technology Corp
Dufu Technology formed a long white candle, indicating that the momentum of buying could be strong. As the 21-day SMA line is likely to turn higher, the positive sentiment has been enhanced. An upbeat bias may emerge above the MYR4.30 level, with an exit set below the MYR3.97 mark. Towards the upside, the immediate resistance is at the MYR5.00 level, followed by the MYR5.50 threshold.
Source: RHB Securities Research - 14 May 2020
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