• Technical BUY with +36.7% potential return
• Last price: RM0.79
• Target price: RM0.955, RM1.08
• Support: RM0.735
• Stop-loss: RM0.73

BUY with a target price of RM1.08 and stop-loss at RM0.73. Based on the chart, EONM has formed a higher high and higher low, which indicates an uptrend pattern. On yesterday’s movement, the stock price managed to hit the breakout level of RM0.805. This is supported by an uptick in the RSI and the MACD is on a bullish crossover. In addition, the +DI has crossed above the -DI, indicating a stronger uptrend ahead. We peg our upside targets at RM0.955 and RM1.08 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 10 Nov 2017