RHB Retail Research: Dufu Technology buying momentum could be strong

RHB Retail Research says Dufu Technology Corp Bhd  formed a long white candle, indicating that the momentum of buying could be strong.

In a trading note, the research house says 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,” it says.

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