• Technical BUY with +20.8% potential return
• Last price: RM1.54
• Target price: RM1.69, RM1.86
• Support: RM1.40
• Stop-loss: RM1.39

BUY with a target price of RM1.86 and stop-loss at RM1.39. A Symmetrical Triangle was spotted on the daily chart which indicates the bullish continuation pattern. This bullish movement is supported by an uptick in RSI and MACD that is currently showing positive signal. This is also consistent with the bullish crossover in the DMI which suggests stronger buying momentum ahead. We peg our targets RM1.69 and RM1.86 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 22 Jun 2017