Wednesday, April 18, 2012


YangziJiang: Technical Buy Call by UOB Kay Hian with potenail 12.2% return and $1.38 TP. Note that stock is likely to rebound as prices have formed a bottom tweezer and a bullish hammer in the last trading session. The close above its 200-day EMA is also positive.

The daily Stochastics indicator is attempting a bullish crossover. Do keep an eye on
the MACD indicator to see if it will also do the same. The alternative exit for this long position will be if the stock falls below $1.185. House institutional research has a fundamental BUY with TP of $1.58

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