dufu technology poised to rebound higher, says rhb retail research

kuala lumpur (june 27): rhb retail research stated dufu era corp bhd is poised to rebound higher after bouncing off the 21-day average line ultimate friday, while shifting closer to the rm2.ninety instant resistance, on strong extent.

in a trading shares notice on monday (june 27), the studies residence said if a breakout occurs above that stage, the bullish bias may additionally propel the inventory towards the rm3 mark, earlier than reclaiming march’s excessive of rm3.15 (a resistance stage).

“but, the stock might also reverse route if it falls below the rm2.sixty one support — forming a ‘lower low’ bearish pattern underneath the average line,” it stated.

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