UOB Kay Hian Research Articles
Traders' Corner - Leon Fuat (LEFU MK)
UOBKayHian
Publish date: Mon, 07 Aug 2017, 12:33 PM
UOBKayHian
0 1,987
An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
- Technical BUY with +17.8% potential return
- Last price: RM0.76
- Target price: RM0.855, RM0.895
- Support: RM0.70
- Stop-loss: RM0.695
BUY with a target price of RM0.895 and stop-loss at RM0.695. Last Friday, the stock penetrated the breakout level of RM0.745 and closed higher at RM0.76 to keep the bullish momentum. This was supported by the DMI’s bullish crossover and is consistent with the uptick in the RSI which suggests stronger buying momentum ahead. We expect LEFU to continue to move towards our targets at RM0.855 and RM0.895 in the near term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 7 Aug 2017
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