• Technical BUY on breakout with +28.5% potential return
• Last price: RM0.92
• Target price: RM1.14, RM1.24
• Support: RM0.84
• Stop-loss: RM0.835

BUY on breakout with a target price of RM1.24 and stop-loss at RM0.835. The upside trend is intact if the stock can break above RM0.965. Currently, both the MACD and the DMI show positive signals of supporting the upward momentum. This is also supported by an uptick in the RSI, which suggests buying momentum has dominated selling momentum. We peg our targets at RM1.14 and RM1.24 for the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 26 Oct 2017