UOB Kay Hian Research Articles
Traders' Corner - Aemulus Holdings (AMLS MK)
UOBKayHian
Publish date: Fri, 10 Nov 2017, 12:22 PM
UOBKayHian
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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)
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1800 UTRADE /
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+6088 235611 (Futures)
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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 +29.9% potential return
- Last price: RM0.67
- Target price: RM0.825, RM0.87
- Support: RM0.605
- Stop-loss: RM0.595
BUY with a target price of RM0.87 and stop-loss at RM0.595. Based on the daily chart, the share price managed to penetrate the breakout level of RM0.68 yesterday to keep the bullish momentum towards the all-time high of RM0.75. This is supported by an uptick in the RSI and DMI, which show that buying pressure has overcome selling pressure. We peg our targets based on 1.38x and 1.61x Fibonacci Extension levels at RM0.825 and RM0.87.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 10 Nov 2017
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