• Technical BUY on breakout with +19.6% potential return
• Last price: RM1.03
• Target price: RM1.22, RM1.28
• Support: RM0.975
• Stop-loss: RM0.97

BUY on breakout with a target price of RM1.28 and stop-loss at RM0.97. On last Wednesday’s trading activity, share price managed to close above the BBI line and we expect PRTA will continue the upward movement thereafter. This bullish movement is supported by the DMI that is currently showing positive signals. This also consistent with the uptick in the RSI which suggests stronger buying momentum ahead. We peg our targets at RM1.22 and RM1.28 respectively.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 5 Sept 2017