• Technical BUY with +27.8% potential return
• Last price: RM0.755
• Target price: RM0.895, RM0.965
• Support: RM0.65
• Stop-loss: RM0.645

BUY with a target price of RM0.965 and stop-loss at RM0.645. Based on the daily Ichimoku chart, the buying signal remains intact as share price has remained above the cloud and is supported by the Heat Wave indicators – the Tenkan-sen line, the Kinjun-sen line and the Chikao span line – which are showing bullish signals. This bullish movement also supported by an uptick in RSI. Currently the MACD and DMI are in a bullish crossover mode. We expect POS to continue the bullish movement towards our targets at RM0.895 and RM0.965 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 3 Oct 2017