Monday, April 23, 2012
CWT: Technical Buy Call by UOB Kay Hian with a 13.9% potential return and $1.39 TP. House note that stock has retraced from a recent high and could be well supported by its 50-day EMA and its 200-day EMA. The Stochastics indicator may form a bullish crossover in the oversold region and could trend up. The alternative exit for this long position will be if the stock falls and closes below $1.20. House nstitutional research has a fundamental BUY with TP of $1.80.