• Technical BUY on breakout with +26.2% potential return
• Last price: RM0.62
• Target price: RM0.745, RM0.795
• Support: RM0.57
• Stop-loss: RM0.565

BUY on breakout with a target price of RM0.795 and stop-loss at RM0.565. Based on the daily chart, PGHB climbed from the low of RM0.545 to retrace the recent drop from the previous high of RM0.665. If the share price can break RM0.63, we expect the stock will continue its bullish momentum to our targets at RM0.745 and RM0.795 in the near term. This bullish signal is supported by the MACD and the DMI which are currently on a positive bullish crossover.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 18 Jul 2017