CNMC

CNMC: UOB Kay Hian has Technical Buy with 17% potential return and $0.595 TP. Note that on its four-hourly chart, the stock is currently trading above its short-term moving averages and the Stochastics indicator has turned up since making the bullish crossover. There is also a bullish crossover spotted at its MACD indicator. Exit this long position should the stock slide below $0.48.