• Privasia Technology Berhad offers information technology outsourcing, auction software and information technology consulting services. The company offers information technology, desktop, applications, business process, and procurement outsourcing services; software that allows buyers and sellers to post their needs online and consulting and systems integration.
• Since retracement from an all-time high of RM0.43 on 22 Apr 2015 to recent low of RM0.325, share price is grossly oversold, inducing imminent technical rebound. Hammer candlestick formed in the oversold region indicated reversal signal. Moreover, reading from MACD, RSI and Slow Stochastics provides ammunition to the buying momentum.
• In tandem with the bullish view on ACE market (refer to Trading Idea), we are targeting RM0.395 and RM0.41, with a long-term objective of RM0.43 (all-time high). Immediate supports are pegged at RM0.36 and RM0.35. Cut loss below RM0.34.

Source: Hong Leong Investment Bank Research - 19 May 2015