DUFU TECHNICAL ANALYSISTechnical analysis for DUFU Stock based on Trend Analysis, Chart Pattern and VPA
1) In Monthly TF
- Overall trend still maintaining the long term UTL with price candle stay above MA 200 line.
- Current monthly trend had retracement and rebound at Fibonacci 0.382 area considered neutral retracement in a healthy trend.
- Latest OCT 21 monthly candle shows a solid Bullish candle accompany by significance volume higher then previous volume signal indicate demand coming in give possibility reversal to occur.
2) In Weekly TF
- Overall trend still maintaining the long term UTL
- Current weekly price candle trend moves upward accompany by increasing volume validate the bullish movement. Uptrend Channel Pattern occur in current trend.
- Latest 8 NOV 21 Weekly candle show a solid Bearish candle with short upper wick accompany by significance volume validate the price action and signal significance selling pressure occur in the market. Price may move lower in the following week within uptrend channel line to remove remaining seller.
3) In Daily TF
- Overall trend still maintaining the immediate support line and the formation of Uptrend Channel Pattern to occur with highest VAP at price 4.390-4.425 within the Uptrend Channel. High volume in VAP occur for price within Uptrend Channel.
- Current daily price candle trend is retraced after completing the Head and Shoulder Pattern and rebound at Fibonacci 0.382 area are considered neutral retracements in healthy trend. Latest price candle move upward and forming a Uptrend Channel Pattern with strongest buying volume from VAP is at price 4.255-4.290-indicate strong support/demand area.
- Latest 16 NOV 21 candle give a solid Bullish candle accompany by significance volume validate the price action. Buyer coming in and the price may move upward along Uptrend Channel.
