Wednesday, October 31, 2012
Dukang Distillers
Dukang Distillers: Technical Buy Call by UOB kay Hian with a potential 15.9% return and $0.40 TP. House note that prices did not fall below the mid Bollinger band in recent trading sessions and are still in the process of forming a rounding bottom. The MACD indicator appears to be hooking up instead of forming a bearish crossover. The RSI has turned up. Stops could be placed at below $0.310. House retail research has a fundamental BUY with a target price of $0.51
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