Dufu Technology may rebound further, says RHB Retail Research

-A +A

KUALA LUMPUR (Aug 2): RHB Retail Research said Dufu Technology Bhd may rebound further after it tested the RM1.82 support in its latest session.

In a trading stocks note today, the research house said yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound.

“A bullish bias may emerge above the RM1.82 level, with an exit set below the RM1.82 threshold.

“Towards the upside, the immediate resistance is at RM1.98. This is followed by the RM2.20 level,” it said.