Sakari

Sakari: Technical Buy Call by UOB Kay Hian with a potential 13.6% return. House recommends BUY with $2.25 TP. Note that stock may find an interim bottom after its downtrend. Prices may test the lower Bollinger band before testing the mid-band again. The Stochastics indicator has earlier formed a bullish crossover and it is trending above the oversold region. Similarly the MACD has crossed above its signal line and may trend up. The alternative exit for this long position could be at prices below $1.85.