• Technical BUY with +37.9% potential return
• Last price: RM2.69
• Target price: RM3.39, RM3.71
• Support: RM2.36
• Stop-loss: RM2.34

BUY with a target price of RM3.71 and stoploss at RM2.34. Based on the daily chart, CMS managed to climb up from the lowest of RM1.75 to cover back the recent drop. The share price has managed to penetrate above the BBI line and closed higher at RM2.69 last Friday. This bullish signal is supported by the MACD and DMI, which are both currently on a positive bullish crossover. We expect CMS to continue the upwards movement toward our targets at RM3.39 and RM3.71 in the near term.

Expected Timeframe: 2 weeks to 2 months.

Source: UOB Kay Hian Research - 16 Jul 2018