STX OSV (technical)

STX OSV: Technical Buy Call by UOB kaY Hian with potential 7.9% return and $1.71 TP. Note that prices are likely to edge higher should the stock break above S$1.59 convincingly. The stock appears to be supported near its mid-Bollinger band and its 50-days moving average as well. Its MACD indicator has formed a bullish crossover earlier and is trending up instead. Stops could be placed at below S$1.51.