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  Technical BUY on breakout with +21.2% potential return
• Last price: RM0.655
• Target price: RM0.77, RM0.83
• Support: RM0.63
• Stop-loss: RM0.625

BUY on breakout with a target price of RM0.83 and stop-loss at RM0.625 An ascending triangle is spotted on the daily chart, which indicates a bullish continuation pattern. This is supported by an uptick in the RSI. Positive readings in both the DMI and the MACD should translate into stronger momentum for share price. We peg our targets at RM0.77 and RM0.83 once the stock penetrates above the breakout level of RM0.685.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 19 Jul 2017