OUE

OUE: UOB Kay Hian has Technical Buy Call with 12.9% potential return and $2.28 TP. House note that stock may rebound towards its 200-day EMA after completing its recent retracement. Do keep an eye for a break above its immediate resistance at around $2.16 for further upside. The daily Stochastics indicator has formed a bullish crossover and could trend up. Alternatively exit this long position if prices move below $1.90. House institutional research has a fundamental BUY with TP of $2.90.