RHB Retail Research: Dufu Technology undergoing minor sideways consolidation

RHB Retail Research says Dufu Technology Corp Bhd has been undergoing a minor sideways consolidation in the recent sessions following its prior advancement.

In a trading note, the research house says towards the upside, a break of the MYR4.86 resistance could mark the extension of the upward move, with subsequent price targets pegged at MYR5.00, followed MYR5.30.

“A stop-loss can be placed below MYR4.60,” it says.

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