• Technical BUY on breakout with +29.5% potential return
• Last price: RM0.37
• Target price: RM0.48, RM0.505
• Support: RM0.34
• Stop-loss: RM0.335

BUY on breakout with a target price of RM0.505 and stop-loss at RM0.335. Based on the daily chart, share price has recovered gradually and moved above the 7- and 21-day EMA last Friday. This is supported by an uptick in the RSI and a bullish crossover in the MACD, indicating that positive momentum will strengthen in the near term. We peg our targets at RM0.48 and RM0.505 if the stock penetrates above RM0.39.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 18 Sept 2017