BUY on breakout with a target price of RM0.22 and stop-loss at RM0.095. The share price consolidated within the immediate support of RM0.105 before yesterday’s positive closing above the BBI which is looking to set a new tone for the short-term outlook. We expect KEYA to continue making higher highs and higher lows if it penetrates above the breakout level of RM0.165. The bullish bias has been established following an uptick in the RSI and a bullish crossover in the DMI.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 6 Sept 2017
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