• Technical BUY with +21.6% potential return
• Last price: RM0.88
• Target price: RM1.03, RM1.07
• Support: RM0.81
• Stop-loss: RM0.805

BUY with a target price of RM1.07 and stop-loss at RM0.805. Yesterday, the stock closed above the BBI line and we expect it to continue to rise towards the all-time high of RM0.955. This bullish movement is supported by the DMI which is showing positive signals, and is consistent with the uptick in the RSI which suggests stronger buying momentum ahead. We peg our targets based on 1.38x and 1.61x Fibonacci Extension levels at RM1.03 and RM1.07 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 21 Sept 2017