• Technical BUY on breakout with +22.5% potential return
• Last price: RM0.85
• Target price: RM0.995, RM1.06
• Support: RM0.785
• Stop-loss: RM0.78

BUY on breakout with a target price of RM1.06 and stop-loss at RM0.78. Based on the daily chart, DLUM formed a breakaway gap and closed higher at RM0.845 last Friday. This is supported by an uptick in the RSI and a bullish crossover in the MACD and the DMI. We expect DLUM will continue the upward trend if it penetrates above the breakout level of RM0.865.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 18 Sept 2017