BUY with a target price of RM3.44 and stop-loss at RM2.69. The successful close above the BBI line yesterday suggests improving sentiment as OTB looks set to resume the upward trend. This is supported by an uptick in the RSI. Currently, both the MACD and the DMI are showing positive signals, which will support the upward momentum. We expect OTB will continue to move towards the all-time high of RM3.46 in the near to medium term.
Expected Timeframe: 2 weeks to 3 months
Source: UOB Kay Hian Research - 30 Jun 2017
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