Dufu Technology Corp Bhd
gapped above the 50-day simple moving average (SMA) yesterday with active trading volume.
The share is rising out of a two-month correction, with an initial target of RM1.93 as it attempts to reclaim a recent peak of RM2.25.
There is a notable uptick in buying momentum, with the slow-stochastic rising to 81 points and the daily moving average convergence/divergence (MACD) histogram charting a sharply higher positive bar.
Support for the share is pegged to RM1.57 and RM1.41.
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