• Technical BUY with +16.2% potential return
• Last price : RM0.955
• Target price : RM1.04, RM1.11
• Support : RM0.90
• Stop-loss: RM0.895

BUY with a target price of RM1.11 and stop-loss at RM0.895. Based on the daily chart, share price just penetrated the ichimoku cloud and a buying signal was seen as the stock was trading above the cloud yesterday. This is supported by the Heat Wave indicators - the Tenkan-sen line, Kinjun-sen line and Chikao span lines which are showing the bullish signal. The positive reading from the RSI suggests the overall bullish bias is intact. The DMI also shows a positive signal at the moment. We expect the share price will continue the bullish movement towards our targets at RM1.04 and RM1.11.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 24 May 2017