BUY with a target price of RM1.53 and stop-loss at RM1.24. The successful close above the BBI line yesterday suggests improving sentiment as COCO looks set to resume the upward trend. This is supported by an uptick in the RSI. Currently, both the MACD and the DMI are showing positive signals, which will support the upward momentum. We peg our targets at RM1.48 and RM1.53 in the near term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 27 Sept 2017
Chart | Stock Name | Last | Change | Volume |
---|
Created by UOBKayHian | Aug 26, 2022
Created by UOBKayHian | Feb 24, 2022
Created by UOBKayHian | Dec 13, 2021
Created by UOBKayHian | Jul 12, 2021
Created by UOBKayHian | Jan 29, 2020