• Technical BUY on breakout with +26.4% potential return
• Last price: RM3.62
• Target price: RM4.13, RM4.69
• Support: RM3.36
• Stop-loss: RM3.34

BUY with a target price of RM4.69 and stoploss at RM3.34. Based on the daily chart, T has formed a series of higher highs and higher lows that indicates the uptrend pattern. This is supported by the 7-day EMA crossing above the 21-day EMA, which indicates a bullish signal. This is also consistent with the uptick in the RSI, which suggests stronger buying momentum ahead. Additionally, the bullish crossover in +DI and ADX line suggests strong upward movements. We peg our targets at RM4.13 and RM4.69 once it manages to penetrate the breakout level of RM3.71.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 16 Jul 2018