Civmec (technical)

Civmec: UOB Kay Hian has Technical Sell Call. House note that the stock was featured as a technical SELL when it opened at $0.895 on 14 Jun 13. Prices have fallen and returned 27.3% on closing prices, exceeding the initial SELL target of $0.70. Some profits could be taken off the table should the stock be supported near $0.63. Another potential support level to look at could be its previous resistance-turned-support level at $0.57.