• Technical BUY on breakout with +29.5% potential return
• Last price: RM1.40
• Target price: RM1.69, RM1.89 .
• Support: RM1.33
• Stop-loss: RM1.32

BUY on breakout with a target price of RM1.89 and stop-loss at RM1.32. Yesterday, the stock managed to close above the BBI line, and is approaching the breakout level of RM1.46 on high trading volumes. We expect UZMA to continue to move towards our targets at RM1.69 and RM1.89 once it penetrates above RM1.46. This bullish movement is supported by the MACD, which is currently on a bullish crossover. This is also consistent with the uptick in the RSI, which suggests stronger buying momentum ahead.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 21 Sept 2017