• Technical BUY on breakout with +23.8% potential return
• Last price: RM0.83
• Target price: RM0.965, RM1.04
• Support: RM0.80
• Stop-loss: RM0.795

BUY on breakout with a target price of RM1.04 and stop-loss at RM0.795. Yesterday, the stock closed above BBI line and we expect share price to continue to rise. This bullish movement is supported by the DMI which is showing positive signals, and is consistent with the uptick in the RSI which suggests stronger buying momentum ahead. We peg our targets at RM0.965 and RM1.04 if the stock penetrates the breakout level of RM0.84

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 27 Oct 2017