• Technical BUY with +26.5% potential return
• Last price: RM0.925
• Target price: RM1.04, RM1.17
• Support: RM0.84
• Stop-loss: RM0.835

BUY with a target price of RM1.17 and stop-loss at RM0.835. Share price has rebounded gradually after pulling back from the all-time high of RM1.05. Given yesterday’s strong gain on a higher trading volume, the stock has broken out and closed higher at RM0.925. As the stock climbs steadily along the BBI lines, we expect the uptrend to resume. This is consistent with the rising buying momentum as shown by an uptick in the RSI and a bullish crossover in the DMI. Currently, the MACD is on the verge of making a golden cross to positive signal.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 6 Jul 2017