• Technical BUY on breakout with +27.3% potential return
• Last price: RM0.92
• Target price: RM1.13, RM1.19
• Support: RM0.86
• Stop-loss: RM0.845

BUY on breakout with a target price of RM1.19 and stop-loss at RM0.845. Based on the daily chart, TSCB’s chart shows that the upside movement would be intact if the price can penetrate the RM0.935 level. This is supported by an uptick in RSI. Indicators such as the MACD and DMI are showing positive signs of support for the upward momentum. We peg our targets at RM1.13 and RM1.19 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 6 Sept 2017