• Technical BUY on breakout with +20.7% potential return
• Last price : RM1.06
• Target price : RM1.24, RM1.34
• Support : RM1.00
• Stop-loss: RM0.995

BUY on breakout with a target price of RM1.34 and stop-loss at RM0.995. Based on the daily chart, OPB formed a series of higher highs and higher lows that indicates the uptrend pattern. Aggressive traders can buy at breakout level at RM1.11 and set the short-term target at RM1.24. Currently, the DMI shows buying momentum has overcome selling momentum. This is supported by an uptick in the RSI while the MACD currently shows a bullish crossover. We peg our targets at RM1.24 and RM1.34 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 25 May 2017