UOB Kay Hian Research Articles

Traders' Corner - Lion Industries Corporation (LLB MK)

Publish date: Fri, 02 Jun 2017, 10:31 AM
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An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.

All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my

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  • 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

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