Tuesday, November 27, 2012

Bumitama (technical)

Bumitama: Technical Buy call by UOB Kay Hian with a potential 8.5% return. House Maintain BUY with a target price of $1.15. Prices appear to trade above the 12- and 25-day moving averages and the MACD is also pointing higher towards the above-mentioned resistance. Stops could be placed below $0.995. House institutional research has a fundamental BUY with a target price of $1.28.

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