BUY with a target price of RM0.305 and stop-loss at RM0.19 Based on the chart, share price is recovering gradually and moved above the 7- and 21-day EMAs yesterday, effectively reversing its shortterm downtrend.. This is supported by the rising RSI and DMI indicators, which show the positive momentum will strengthen in the near term. We expect KONE will continue to move towards our targets of RM0.28 and RM0.305 in the near term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 14 Jul 2017
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