UOB Kay Hian Research Articles

Traders' Corner - WCE Holdings (WCE MK)

UOBKayHian
Publish date: Tue, 24 Jul 2018, 04:50 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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  • Technical BUY with +29.8% potential return
  • Last price: RM0.84
  • Target price: 0.995, RM1.09
  • Support: RM0.735
  • Stop-loss: RM0.73

BUY with a target price of RM1.09 and stoploss at RM0.73. Last Friday, the stock penetrated the breakout level of RM0.835 and closed higher at RM0.84 to keep the bullish momentum. This is supported by the DMI’s bullish crossover and is consistent with the uptick in the RSI which suggests stronger buying momentum ahead. We peg our targets at RM0.995 and RM1.09 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

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