UOB Kay Hian Research Articles

Traders' Corner - Pansar (PNSR MK)

UOBKayHian
Publish date: Thu, 09 Nov 2017, 12:30 PM
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An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.

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Following Message

  • Technical BUY on breakout with +19.3% potential return
  • Last price: RM0.42
  • Target price: RM0.505, RM0.525
  • Support: RM0.40
  • Stop-loss: RM0.395

BUY on breakout with a target price of RM0.525 and stop-loss at RM0.395. After correcting from the previous high of RM0.51, PNSR established strong support at RM0.40 and formed a higher high and higher low towards the breakout level of RM0.44. This is supported by the MACD and DMI, which are both in a bullish crossover currently. We peg our targets at RM0.505 and RM0.525 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 9 Nov 2017

PANSAR (8419)
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