Miyoshi: Technial Buy Call from CIMB. Prices are still in a downtrend but prices have tested the downtrend channel support for the past couple of mths. Bulls appear to be able to repel the selling pressure, suggesting that there is a good chance that a rebound could take place here.
Weekly MACD is improving while its weekly RSI sports a bullish divergence. Believe that a rebound is likely on the cards as its intra-day indicators also sport bullish divergence signals. Only aggressive traders should attempt to buy this stock. The rebound is likely to take prices back up towards S$0.10 and possibly to try to test the upper channel resistance at $0.12
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