• Technical BUY with +27.6% potential return
• Last price: RM0.78
• Target price: RM0.93, RM0.995
• Support: RM0.72
• Stop-loss: RM0.715

BUY with a target price of RM0.995 and stop-loss at RM0.715. Based on the daily chart, AJY formed a breakaway gap and closed higher at RM0.78 on yesterday’s movement. This bullish movement is supported by an uptick in RSI and bullish crossover in both the MACD and DMI indicators. Moving forward, we expect AJY to continue the bullish movement towards our targets at RM0.93 and RM0.995 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 14 Sept 2017