UOB Kay Hian Research Articles
Traders' Corner - Majuperak Holdings (MJPR MK)
UOBKayHian
Publish date: Fri, 17 Nov 2017, 04:15 PM
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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
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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 on breakout with +38.4% potential return
- Last price : RM0.40
- Target price : RM0.54, RM0.595
- Support : RM0.35
- Stop-loss: RM0.345
BUY on breakout with a target price of RM0.595 and stop-loss at RM0.345. A breakout above RM0.43 would lead to a retest of the immediate resistance of RM0.545 in the near term. Positive readings of the RSI also suggest the presence of fresh buying interest. This is supported by a bullish crossover in the MACD and the DMI. Thus, we expect the stock to advance to our targets at RM0.54 and RM0.595 in the near to medium term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 17 Nov 2017
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