Global Premium Hotels (technical)

Global Premium Hotels: UOB Kay Hian has Technical Buy Call with $0.35 TP. House note that the stock has made a higher low and its 10- day moving average has crossed above its 35 day moving average, suggesting its recent retracement towards $0.25 could be reversed. Its MACD indicator has formed a bullish crossover and has crossed above its centerline, while its positive directional indicator appears to be positively placed. Watch to see if the stock could break above its all-time high of $0.305.