UOB Kay Hian Research Articles
Traders' Corner - Global Oriental (GOB MK)
UOBKayHian
Publish date: Fri, 18 Aug 2017, 09:53 AM
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 +35.9% potential return
- Last price: RM0.39
- Target price: RM0.465, RM0.53
- Support: RM0.35
- Stop-loss: RM0.345
BUY with a target price of RM0.53 and stop-loss at RM0.345. Based on the daily chart, GOB has just exited the consolidation phase and on yesterday’s movement, the share price managed to penetrate the breakout level of RM0.39 with higher trading volume. The uptick in the RSI, together with the increase in trading volume suggests that buying momentum is set to continue in the near term. We expect the stock to continue trending upwards towards our targets in the near term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 18 Aug 2017
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