Apr 23, 2010

DUFU Stock Code 7233

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. 
dufu-latest-technical-analysis 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