JB Foods (techical)

JB Foods: Technical Buy Call by UOB Kay Hian with $0.35 TP and stops at $0.275. Note that te stock is likely to trend higher as it is currently rading above its 50-day moving average and mid Bollinger and and a golden cross has formed on its 20- and 50-day oving average. Watch to see whether its MACD indicator ould continue to trend higher as its Stochastics has formed a ullish crossover.