UOB Kay Hian Research Articles
Traders' Corner : Bina Puri Holdings (BIN MK)
UOBKayHian
Publish date: Tue, 20 Jun 2017, 01:28 PM
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An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
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All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
- Technical BUY on breakout with +20.5% potential return
- Last price: RM0.43
- Target price: RM0.505, RM0.53
- Support: RM0.40
- Stop-loss: RM0.395
BUY on breakout with a target price of RM0.53 and stop-loss at RM0.395. The upside trend is intact if the stock can break out of RM0.44. Currently, both the MACD and the DMI show positive signals to support the upward momentum. This is also supported by an uptick in the RSI, which suggests buying momentum has dominated selling momentum. We peg our targets at RM0.505 and RM0.53 for the near term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 20 Jun 2017
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