Sakari

Sakari: UOB Kay Hian has Technical Buy Call with 17.4% potential return and $1.86 TP. House believe the stock is grossly oversold and a retracement near $1.50 may provide accumulation opportunities. Currently, the stock is trading near its lower Bollinger band and the rebound may test its mid band. The weekly Stochastics indicator appears to form a bullish crossover. The alternative exit for this long position will be if the stock falls below $1.41.