Gallant Venture (technical)

Gallant Venture: UOB Kay Hian has Technical Buy Call with a potential 25% return and $0.35 TP, which could be the key resistance level should the stock cross above $0.30. The stock is likely to rebound further from its support level at $0.265, with stops placed at prices below $0.25. The daily Stochastics indicator has rebounded from oversold levels and the MACD indicator is likely to form a bullish crossover at this juncture.