• Target Price: RM1.36, RM1.44
• Last closing price: RM1.17
• Potential return: 16.2%, 23.0%
• Support: RM1.11
• Stop Loss: RM1.05

Breakout play. There was a breakout from ascending triangle formation into higher territory. The breakout of price movement suggests an opportunity for entry, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM1.24 be broken, it may continue to lift price higher to the next resistance levels of RM1.36 and RM1.44.

However, failure to hold at support level of RM1.11 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 23 May 2017