Recall that we had initially placed a Trading Buy call on 12th Feb 2015 where we anticipated that the share price would resume its uptrend after staging a breakout from its ‘Flag’ chart pattern. Since then, the share price has failed to trade according to our expectation as it consolidated after the breakout. The low trading volume also suggest the lack of follow through buying interest on the stock. Besides, key indicators are also flattish suggesting that the share price might consolidate further. Thus, we are taking this opportunity to close position on this counter as we deem that our previous technical view is no longer valid.

Source: Kenanga