Dufu Technology Corp is staging a technical rebound, as it bounced off from below to above the 21-day SMA line last Friday. After breaking the immediate resistance of MYR4.57 on strong volume, the bullish bias has emerged. As such, the stock is likely to move towards the next hurdle of MYR4.82, followed by the MYR5.00 psychological resistance. Meanwhile, dropping below the MYR4.40 support would lead to the stock reversing direction.

Source: RHB Securities Research - 26 Jul 2021