Recently, PUC completed the listing of free warrants and acquired a freehold office property at Ara Damansara. Chart-wise, the share price had consolidated towards its multi-month support level and has also broken above its 20-day SMA to settle at RM0.14 (+1.0 sen), backed by a strong surge in trading volume. In tandem with the recent high trading volume, all key indicators (MACD, Stochastic Indicator and RSI) are hooking upwards strongly. Thus, we advocate short-term traders to take this opportunity to ride on the reversal trend; expecting the share price to climb towards its RM0.16 (R2) level, which is also its 100-day SMA level.

Source: Kenanga