• Technical BUY with +22.1% potential return
• Last price: RM0.43
• Target price: RM0.505, RM0.525
• Support: RM0.405
• Stop-loss: RM0.395

BUY with a target price of RM0.525 and stop-loss at RM0.395. Based on the daily chart, share price is recovering gradually and moving above the 7- and 21-day EMAs following yesterday’s spike, having effectively penetrated the breakout level of RM0.435. This is supported by the rising DMI and RSI indicators, indicating that the positive momentum would strengthen in the near term. We peg our targets at RM0.505 and RM0.525.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 1 Aug 2017