Highlights

UOB Kay Hian Research Articles

Author: UOBKayHian   |   Latest post: Fri, 17 Nov 2017, 04:15 PM

 

Traders' Corner - Lion Industries Corporation (LLB MK)

Author:   |    Publish date:


  • Technical BUY with +19.8% potential return
  • Last price: RM1.16
  • Target price: RM1.36, RM1.39
  • Support: RM1.00
  • Stop-loss: RM0.995

BUY with a target price of RM1.39 and stop-loss at RM0.995. Based on the daily Ichimoku chart, a buying signal was seen as the stock has been trading above the Ichimoku cloud. This is supported by the Heat Wave indicators as the Tenkan-sen, Kinjun-sen and Chikao span lines are intercrossing, which suggest a bullish signal. An uptick in the RSI and DMI suggests buying momentum is set to continue in the near term. We peg our targets at RM1.36 and RM1.39 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 2 Jun 2017

Share this
Labels: LIONIND

Related Stocks

Chart Stock Name Last Change Volume 
LIONIND 0.995 -0.015 (1.49%) 995,800 

 

236  497  545  636 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 BORNOIL 0.080.00 
 SAPNRG 0.72-0.035 
 UMWOG 0.275-0.015 
 HSI-C3B 0.445-0.03 
 NEXGRAM 0.065-0.005 
 HUAAN 0.38-0.035 
 SUMATEC 0.065-0.005 
 PUC 0.235-0.025 
 HSI-H2Z 0.31+0.005 
 RSENA-WA 0.0250.00 
Partners & Brokers