KUALA LUMPUR (Dec 4): RHB Retail Research said Dufu Technology Corp Bhd is resuming the upside movement after breaking past the resistance with a bullish candlestick.

In a trading stocks note on Monday, the research house said that on last Friday, the stock climbed above the RM1.80 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 RM1.90, followed by the RM2 mark.

“On the other hand, falling below the RM1.72 support will resume the bearish phase,” it said.