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jasontkj

DUFU 4/8/2020

DUFU TECHNOLOGY CORP. BHD (MYX:DUFU)  
jasontkj Updated   
MYX:DUFU   DUFU TECHNOLOGY CORP. BHD
Trend Analysis Technical Indicators dufu bursamalaysia malaysia
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trendanalysis indicator dufu bursamalaysia malaysia
DUFU is forming a pretty nice descending triangle patterns recently. Consistently supported by the 3.650 area. Almost always rebounded sharply once it touches that region. Will a same break out happen again? Lets see

EP: 3.650 - 3.660
TP: 3.930-3.950
CL: 3.530
Comment:
DUFU gapped down today , probably due to less-than-satisfactory QR. Subsequent to the morning sell down, it quickly climbed back above our support line. As long as the support is not broken, we can keep holding it until TP is reached.
Comment:
be cautious, seems like the momentum is with the selling force.. Bullish engulfing candle on daily chart too...

Good news is, it has formed a double bottom at 3.580 area..
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