BUY with a target price of RM0.495 and stop-loss at RM0.345. On yesterday’s activity, the stock price managed to close above the BBI line and we expect HTVB to continue on the upward movement hereafter. This bullish movement is supported by an uptick in RSI, and the MACD is currently on the verge of making a golden cross to the positive signal. This is also consistent with the uptick in the DMI, which suggests stronger buying momentum ahead. We peg our targets at RM0.455 and RM0.495 in the near term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 23 Aug 2017
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