Technical BUY on breakout with +19.4% potential return

• Last price : RM1.27
• Target price : RM1.38, RM1.54
• Support : RM1.20
• Stop-loss : RM1.19

BUY on breakout with a target price of RM1.54 and stop-loss at RM1.19. Based on the daily chart, YOCB formed a series of higher highs and higher lows toward the alltime high of RM1.39 and is making a strong ascent in the current up-leg. The positive readings of the MACD and the DMI suggest buying momentum will remain robust in the near term. Our immediate target prices are RM1.38 and RM1.54 if the share price manages to penetrate the breakout level of RM1.29.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 23 May 2017