KUALA LUMPUR (Aug 17): RHB Retail Research said Dufu Technology Corporation Bhd’s buying momentum may have returned after it rose above the 21-day SMA line.

In a trading stocks note today, the research house said given that the stock has breached above the downtrend line drawn in the chart, this indicates a positive sign.

“A bullish bias may appear above the RM1.40 level, with an exit et below the RM1.29 threshold.

“Towards the upside, the near-term resistance level is at RM1.65. This is followed by the RM1.80 level,” it said.