• Technical BUY on breakout with +27.0% potential return
• Last price: RM0.54
• Target price: RM0.695, RM0.73
• Support: RM0.50
• Stop-loss: RM0.495

BUY on breakout with a target price of RM0.73 and stop-loss at RM0.495. Based on the daily chart, we can see TEKS trying to penetrate the breakout level at RM0.575, and managed to close above the BBI line yesterday. Aggressive traders can buy at breakout level at RM0.575 and set a shortterm target at RM0.695. Currently, the DMI shows buying momentum has overcome selling momentum. This is supported by an uptick in the RSI, indicating positive momentum would strengthen in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 16 Aug 2017