• PUC Founder (MSC) Berhad is an information technology (IT) solutions and electronic publishing company. The company is engaged in media and advertising, digital content aggregation and marketing, media brokerage and consultancy, electronic payment, and shopping services. It operates in Malaysia, China, and other countries in South East Asia.
• After share price tumbled from high of RM0.22 on 18 Aug 2014 to recent low of RM0.12 on 9 Jan 2015, the stock is grossly oversold. Thereafter, reversal of downtrend is seen following a decision breach above the downtrend near RM0.15 with high volume! Note that early indication of resumption of the uptrend was triggered by “Positive Divergence” pattern on daily chart. In weekly chart, downtrend was taken out by “bottom up” oscillators as well as high volume, pointing to stronger buying momentum!
• Further upsides are targeted at RM0.17 (50% FR), RM0.18 (61.8% FR), and RM0.19. Immediate support is pegged at RM0.155. Cut loss below RM0.15 (downtrend line).

Source: Hong Leong Investment Bank Research - 9 Mar 2015