• Technical BUY with +17.8% potential return
• Last price: RM1.29
• Target price: RM1.43, RM1.52
• Support: RM1.19
• Stop-loss: RM1.18

BUY with a target price of RM1.52 and stop-loss at RM1.18. Based on the daily chart, the stock has been trading above the Ichimoku cloud, which indicates a bullish signal. This is supported by the Heat Wave indicators as the Tenkan-sen line, Kinjunsen line and Chikao span line, which suggest a bullish signal. An uptick in the RSI suggests buying momentum is set to continue in the near term. Currently, the DMI is showing a bullish crossover to support the upward momentum. The MACD is on the verge of making a golden cross to the positive signal.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 25 Sept 2017