Far East Orchard (technical)

Far East Orchard: UOB Kay Hian has Technical Buy call with 7% potential return and $2.75 TP. House note that stock has fallen near to its earlier technical sell target of $2.48, returning 7.2% on closing prices mentioned on 17 Oct 12 with an intraday low of $2.49. The stock may rebound off its trendline with its 40-day moving average acting as a support. Keep an eye on whether the Stochastics could form a bullish crossover in the oversold region. Stops could be placed at below $2.47.