The past half year had seen ZHULIAN's share price appreciating from a low of RM2.84 to as high as RM5.15 on upbeat sentiment driven by the company's regional expansion plans. Even with the share price is now 13% below its Nov 2013 all-time high, we believe that the overall uptrend remains largely intact. In fact, a "Dragonfly Doji" candlestick has taken shape on the daily chart yesterday, which is indicative of a potential rebound over the horizon. Should a bullish move confirm the reversal candlestick today, a "technical buy" signal could be generated with a target price of RM5.00.

 

Source: Kenanga