DUFU - CURRENT PRICE : RM1.33
DUFU is in a downtrend as the highs and lows are getting lower since JULY 2024.
However, I expect that the bottom may reached since there was a small spinning tops candle appear after a large bearish candle. This spinning tops candle session was traded in high volume indicating that buyers are strong enough to overcome selling pressure.
I would aggressively buy if price the share price moves above the spinning tops real body. In this case, if the share price moves above RM1.34 , I would buy on price RM1.35 - RM1.40.
Target price will be RM1.49 (the high of large bearish candle) and RM1.58. At this level, my stop loss will be the low of the spinning tops candle - RM1.29. This scenario gives an attractive RISK to REWARD ratio.
Then if the stock manages to move above RM1.58 , I would reentry and set a target price of RM1.70. At this point, my stop loss will be RM1.49.
ENTRY PRICE : RM1.35 - RM1.40
TARGET PRICE : RM1.49 and RM1.58
STOP LOSS : RM1.29
If price breaks above RM1.58 , then reentry.
ENTRY PRICE : RM1.59
TARGET PRICE : RM1.70
STOP LOSS : RM1.49
TAYOR !
DUFU is in a downtrend as the highs and lows are getting lower since JULY 2024.
However, I expect that the bottom may reached since there was a small spinning tops candle appear after a large bearish candle. This spinning tops candle session was traded in high volume indicating that buyers are strong enough to overcome selling pressure.
I would aggressively buy if price the share price moves above the spinning tops real body. In this case, if the share price moves above RM1.34 , I would buy on price RM1.35 - RM1.40.
Target price will be RM1.49 (the high of large bearish candle) and RM1.58. At this level, my stop loss will be the low of the spinning tops candle - RM1.29. This scenario gives an attractive RISK to REWARD ratio.
Then if the stock manages to move above RM1.58 , I would reentry and set a target price of RM1.70. At this point, my stop loss will be RM1.49.
ENTRY PRICE : RM1.35 - RM1.40
TARGET PRICE : RM1.49 and RM1.58
STOP LOSS : RM1.29
If price breaks above RM1.58 , then reentry.
ENTRY PRICE : RM1.59
TARGET PRICE : RM1.70
STOP LOSS : RM1.49
TAYOR !
Note
Technically today 27 FEBRUARY 2025 is a buy signal. Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.