UOB Kay Hian Research Articles
Trader's Corner - I-Berhad (IBHD MK)
UOBKayHian
Publish date: Thu, 26 Oct 2017, 03:33 PM
UOBKayHian
0 1,987
An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
- Technical BUY with +26.9% potential return
- Last price: RM0.595
- Target price: RM0.665, RM0.755
- Support: RM0.56
- Stop-loss: RM0.555
BUY with a target price of RM0.755 and stop-loss at RM0.555. On yesterday’s movement, IBHD managed to penetrate the breakout level of RM0.59 with higher trading volume and closed higher at RM0.595. This bullish movement is supported by an uptick in RSI and bullish crossover in the MACD and DMI. We expect the share price will continue the bullish movement towards our targets at RM0.665 and RM0.755 in the near term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 26 Oct 2017
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