RHB Retail Research: Dufu Technology may rise higher

RHB Retail Research says Dufu Technology Bhd may rise higher after it breached above the MYR3.50 threshold.

In a trading note, the research house says this candle sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment.

“An upbeat bias may emerge above the MYR3.50 level, with an exit set below the MYR3.23 mark.

“Towards the upside, the immediate resistance is at the MYR4.08 level, followed by the MYR4.40 threshold,” it says.

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