Ryobi Kiso (technical)

Ryobi Kiso: UOBK Technicals tips at Buy with TP $0.17; recommends tight stops below $0.12. Notes the stock has broken above its downward sloping trend line with comparatively higher trading volume and appears to be bottoming. Prices are also trending above its 50-day moving average. Watch to see whether a golden cross could be formed. Its Stochastics indicator has formed a bullish crossover and is trending up.