• Technical BUY on breakout with +33.3% potential return
• Last price: RM0.395
• Target price: RM0.51, RM0.54
• Support: RM0.36
• Stop-loss: RM0.355

BUY on breakout with a target price of RM0.54 and stop-loss at RM0.355. A buying signal has been given as the stock has been trading above the cloud. This is supported by the Heat Wave indicators - the Tenkan-sen line, Kinjun-sen line and Chikao span line are giving bullish signals. The uptick in the RSI together with the high trading volumes suggests buying momentum is set to continue in the near term. Currently, the DMI is showing a bullish crossover to support the upward momentum. We peg our targets at RM0.51 and RM0.54 once it penetrates above the breakout level of RM0.405.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 28 Sept 2017