Technical BUY on breakout with +19.5% potential return

• Last price: RM1.15
• Target price: RM1.34, RM1.41
• Support: RM1.07
• Stop-loss: RM1.06

BUY on breakout with a target price of RM1.41 and stop-loss at RM1.06. Yesterday, the stock closed above the BBI line, indicating upward potential in the near term. This is consistent with the uptick in the RSI and a bullish crossover in the DMI, which suggest stronger buying momentum ahead. We expect SRCB will continue the bullish movement towards our targets once it breaks above the breakout level of RM1.18 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 23 May 2017