Chart wise : Buying volume expanded……………
Dufu had on 22/4/2010 crossed over the downward sloping trend line extended from RM0.65 (26/3/2010) to connect RM0.575 (15/4/2010) to a day high of RM0.595 before settled at day high. above Dufu daily chart: click to enlarge
Next Potential Upside Target : An upside violation of RM0.60 hurdle would likely see Dufu to trade upward with next upside target at RM0.66.
Entry Level : Risk taking traders may establish buying position at RM0.57.
Stop Loss Level : Once a buying position is being established, a stop loss level at RM0.545 level must be placed for risk capital protection purpose followed by trailing stop loss strategy.
by Mercury Securities