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.

Source: RHB Securities Research - 4 Dec 2023