Dufu Technology Corp may be on course to retest its all-time high after it touched the resistance yesterday – well above its 21-day SMA line. With strong trading volume and a “higher low” price pattern, the bullish momentum may appear if it breaches the MYR4.42 immediate resistance level. If a breakout happens, it may climb further towards its historical level of MYR4.60, followed by MYR4.80. This expectation would be reversed if it drops below the MYR4.08 support level.

Source: RHB Securities Research - 2 Jun 2021