• Technical BUY on breakout with +26.9% potential return
• Last price: RM0.36
• Target price: RM0.495, RM0.585
• Support: RM0.31
• Stop-loss: RM0.295

BUY on breakout with a target price of RM0.585 and stop-loss at RM0.295. EES established new support at RM0.31 with yesterday’s gain set to kick-start another up-leg. Positive readings in both the RSI and the DMI indicate stronger momentum, which would boost share price to retest the breakout level of RM0.39. A breakout above this level should ensure the continuation of the upward trend. We peg our targets at RM0.495 and RM0.585 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 3 Oct 2017