Sakari

Sakari: UOB Kay Hian has technical SELL Call with a 8% potential return. Recommends SELL with TP of $2.10. Stock has turned down from the resistance level and the upper band of the Bollinger as well. The Stochastics indicator has also crossed below its signal line in the overbought region and these indications suggest that prices are likely to fall towards the resistance-turned-support level at $2.10. Alternatively, investors may exit their shorts if prices move above $2.43.