UOB Kay Hian Research Articles
Traders' Corner - Datasonic Group (DSON MK)
UOBKayHian
Publish date: Thu, 26 Jul 2018, 05:53 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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Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
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
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- Technical BUY on breakout with +41.0% potential return
- Last price: RM0.855
- Target price: RM1.13, RM1.22
- Support: RM0.765
- Stop-loss: RM0.76
BUY on breakout with a target price of RM1.22 and stop-loss at RM0.76. Yesterday, it managed to form a higher high towards the breakout level of RM0.865. The uptick in the DMI and an increase in trading volumes suggest buying momentum is set to continue in the near term. We expect the stock to continue trending up once it penetrates above the breakout level of RM0.865.
Expected Timeframe: 2 weeks to 2 months.
Source: UOB Kay Hian Research - 26 Jul 2018
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