• Technical BUY on breakout with +13.4% potential return
• Last price : RM0.73
• Target price : RM0.81, RM0.845
• Support : RM0.69
• Stop-loss : RM0.685

BUY on breakout with a target price of RM0.845 and stop-loss at RM0.685. Based on the daily chart, CG formed a breakaway and has been climbing higher gradually after establishing support at RM0.69 level. We expect the stock to continue moving up if penetrates the breakout level of RM0.745. Positive readings in both the DMI and MACD should translate into stronger momentum for the share price.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 24 May 2017