KSH Holdings (technical)

KSH Holdings: UOB Kay Hian recommends taking profit from previous Technical Buy Call. House note that the stock was featured as a technical BUY when it opened at $0.475 on 10 May 13. It has since returned 27.4% on closing prices, with an intraday high of S$0.61 in the last trading session, which has exceeded the initial target of $0.56. Some profits could be taken off the table should the stock fail to close above S$0.65. Watch to see if its MACD indicator could form a bearish crossover.