Tuesday, June 19, 2012

Yangzijiang (technical)

Yangzijiang: Technical Buy Call by UOB Kay Hian with potential 11.6% return and $1.15 TP. House note that stock has broken and closed above its trend line as well as its 21-day moving average. Its RSI is trending up and attempting to cross a reading of 50. Stops could be placed below $0.97. Institutional research has a fundamental BUY with a TP of $1.58.

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