• Technical BUY on breakout with +25.4% potential return
• Last price: RM0.325
• Target price: RM0.415, RM0.445
• Support: RM0.31
• Stop-loss: RM0.305

BUY on breakout with a target price of RM0.445 and stop-loss at RM0.305. Based on the daily chart, CHSB managed to climb up from the lowest of RM0.31 to cover back the recent drop. If share price can break above RM0.355, we expect the share price to continue its bullish momentum to our targets at RM0.415 and RM0.445 in the near term. This bullish signal is supported by an uptick in RSI and bullish crossover in MACD and DMI.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 4 Aug 2017