• (Previous) Target price RM1.35
• (New) Target price RM1.47
• Last closing price RM1.35
• Potential return 8.8%
• Support RM1.35
• Stop loss RM1.31

Possible uptrend continuation. With reference to the Technical note published on 19th December 2016, target price previously set was achieved and hence a proportion of holding is recommended to be sold in order to realize some profit. Nevertheless, the balance should be kept to ride along with the improving momentum towards resistance level of RM1.47.

However, failure to hold at support level of RM1.35 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 3 Feb 2017