Stock Picks Of The Day – AMMB, Dufu Technology

AMMB is poised to extend the positive price action after staging a bullish breakout during Friday’s session.

RHB Retail Research Market Dateline said today (Dec 4) said the stock has crossed above the MYR4.05 resistance with a “higher high” bullish candlestick.

The latest breakout suggests the momentum is picking up pace and may propel the stock towards the next resistance at MYR4.20, followed by MYR4.40.

On the other hand, falling below the MYR3.90 support will negate the bullish setup.

Dufu Technology is resuming the upside movement after breaking past the resistance with a bullish candlestick.

On Friday, the stock climbed above the MYR1.80 resistance and charted a long bullish candlestick.

The price action suggests the correction is over and the bulls are having the upper hand now. The renewed momentum should lift the stock towards MYR1.90, followed by the MYR2 mark.

On the other hand, falling below the MYR1.72 support will resume the bearish phase.

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