Wednesday, May 2, 2012
CWT
CWT: UOB Kay Hian has Technical Buy Call with $1.40 TP. House note that the stock appears to hold above its 50-day EMA after a price retracement. The Stochastics indicator has formed a bullish crossover and turning up. The alternative exit for this long position will be if the stock closes below $1.19. House institutional research has a fundamental BUY with a TP of $1.80.
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