Sakari (technical)

Sakari: Technical Buy Call by UOB Kay Hian with potential 15.2% potential return and $1.52 TP. House note that on 5 June, suggested closing short positions for the stock and going long. Currently the stock is attempting to close the gap created on 4 Jun 12, and could rebound from a failed bearish pennant formation. Trading volume has been comparatively higher of late, suggesting that the stock is garnering interest at its recent low. Its Stochastics indicator has hooked up, and is moving above its oversold region. Stops could be placed at below $1.25.