Sakari: Technical Sell Call by UOB Kay Hian with a 9% potential return. House recommends Sell with TP of $2.22. The stock appears to be resisted by the mid band of the Bollinger and a break below $2.42 is likely to see more selling pressure ahead.
The Stochastics indicator has crossed below its signal line, suggesting there could be price weakness. Alternatively, investors may exit their shorts if prices move above $2.54.
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