UOB Kay Hian Research Articles
Traders' Corner - Ann Joo Resources (AJR MK)
UOBKayHian
Publish date: Thu, 10 Aug 2017, 09:33 AM
UOBKayHian
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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 +14.0% potential return
- Last price: RM3.21
- Target price: RM3.54, RM3.66
- Support: RM3.00
- Stop-loss: RM2.99
BUY with a target price of RM3.66 and stop-loss at RM2.99. Having formed a firm base at the support level of RM3.00, share price has made gains on renewed buying interest and closed higher at RM3.21 yesterday. A breakout above RM3.22 would confirm a continuation of the upward trend towards our targets at RM3.54 and RM3.66 in the near to medium term. This is supported by positive RSI readings while the DMI is currently on a bullish crossover.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 10 Aug 2017
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
