Thursday, August 16, 2012

UPP (Technical)

UPP: Technical Buy call by UOB Kay Hian with potential 19.7% return and $0.365 TP. Note that the stock may edge higher as prices have crossed and closed above its mid Bollinger band. In addition, its Stochastics and MACD indicators have formed bullish crossovers. Tight stops could be placed at below $0.28.

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