Technical BUY on breakout with +30.9% potential return

• Last price : RM0.325
• Target price : RM0.41, RM0.445
• Support : RM0.295
• Stop-loss: RM0.29

BUY on breakout with a target price of RM0.445 and stop-loss at RM0.29. Based on the daily chart, HTVB has been trading in sideways mode. On yesterday’s movement, it managed to form a higher high towards the breakout level of RM0.34. The uptick in the DMI and an increase in trading volumes suggest buying momentum is set to continue in the near term. We expect the stock to continue trending up once it penetrates above the breakout level of RM0.34.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 23 May 2017