• Technical BUY on breakout with +25.3% potential return
• Last price: RM0.375
• Target price: RM0.47, RM0.495
• Support: RM0.33 Stop-loss: RM0.325

BUY on breakout with a target price of RM0.495 and stop-loss at RM0.325. SAUD’s chart shows that upside movement would remain intact if the price can penetrate the RM0.395 level. This bullish movement is supported by an uptick in RSI. Currently, both indicators such as the MACD and DMI show positive signals to support the upward momentum. We peg our targets at RM0.47 and RM0.495 respectively in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 27 Jul 2017