UOB Kay Hian Research Articles
Traders' Corner : Barakah Offshore Petroleum (BARAKAH MK)
UOBKayHian
Publish date: Mon, 10 Jul 2017, 04:42 PM
UOBKayHian
0 1,987
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
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
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 +17.6% potential return
- Last price: RM0.61
- Target price: RM0.695, RM0.735
- Support: RM0.575
- Stop-loss: RM0.57
BUY on breakout with a target price of RM0.735 and stop-loss at RM0.57. We expect a positive follow-through to validate a new up-leg if BARAKAH penetrates above the breakout level of RM0.625. The rising momentum as shown by a bullish crossover in the EMA-7 and EMA-21 along with an uptick in both the +DI and ADX lines suggest upward continuation from here. We peg our targets at RM0.695 and RM0.735 in the near term.
Expected Timeframe: 2 weeks to 2 months.
Source: UOB Kay Hian Research - 10 Jul 2017
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on UOB Kay Hian Research Articles
IHH Healthcare - 2Q22 Blip as Admissions See An Unequal Recovery
Created by UOBKayHian | Aug 26, 2022
IHH Healthcare - 4Q21 Results Beat Expectations Off Sustained Key Contributions
Created by UOBKayHian | Feb 24, 2022
Top Glove - 1QFY22 Results Weighed by Softened Industry Prospects
Created by UOBKayHian | Dec 13, 2021
Gloves Companies – Malaysia - Glove Manufacturers Deemed Non-Essential Under EMCO
Created by UOBKayHian | Jul 12, 2021
Rubber Gloves – Malaysia - New Coronavirus Sparks Loftier But Justified Valuations
Created by UOBKayHian | Jan 29, 2020
Featured Posts
Apps
Top Articles
1
Koon Yew Yin's Blog
2
save malaysia!
3
4
Good Articles to Share
5
6
save malaysia!
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
