We expect further upside for Dufu Technology after it posted a long white candle and pushed above the RM2.10 mark 2 sessions ago. As the 20-day and 50-day EMAs have established their bullish crossover a few candles back, the current upward momentum may continue in the near term. A bullish bias may emerge above the RM2.10 level with stop-loss set at RM1.96, below the 12 Apr low. Towards the upside, near-term resistance level is seen at RM2.40, followed by RM2.60.

Entry : RM2.10–2.19

Target : RM2.40, RM2.60

Exit : RM1.96

Source: AmInvest Research - 16 Apr 2024