• Technical BUY on breakout with +13.4% potential return
• Last price: RM0.775
• Target price: RM0.84, RM0.89
• Support: RM0.75
• Stop-loss: RM0.745

BUY on breakout with a target price of RM0.89 and stop-loss at RM0.745. Share price has been consolidating within the immediate support of RM0.75 and yesterday’s positive closing above the BBI line set a new tone for the short-term outlook. We expect EVF to continue to make a new high towards our target once it penetrates above the breakout level of RM0.785. The bullish bias has been established following an uptick in the RSI and a bullish crossover in the DMI.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 27 Oct 2017