BUY on breakout with a target price of RM0.55 and stop-loss at RM0.46. The successful close above the BBI line yesterday suggests improving sentiment as LCTH looks set to resume its uptrend. This is supported by an uptick in the RSI. The DMI and MACD are showing a bullish crossover, which will support the upward momentum. We expect LCTH to continue to move towards the immediate resistance of RM0.535 and our target at RM0.55.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 20 Oct 2017
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