KUALA LUMPUR (July 20): RHB Retail Research said Dufu Technology Corp Bhd’s buying momentum may have returned after the stock breached above the downtrend line drawn in the chart.

In a trading stocks note today, the research house said given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced.

“A bullish bias may appear above the RM1.37 level, with an exit set below the RM1.29 threshold.

“Towards the upside, the immediate resistance level is seen at RM1.57. This is followed by the RM1.65 level,” it said.