Courts Asia (technical)

Courts Asia: UOB Kay Hian has Technical Buy Call with $0.815 TP. House note that the stock appears to cease its downtrend as prices appear to form an interim bottom near its gap up on 14 Nov 12 which could be acting as a support. Prices have also moved away from its lower Bollinger band and may test its mid Bollinger band. Its RSI indicator has turned up. Watch to see if its MACD indicator could form a bullish crossover. House retail research has a fundamental BUY with a target price of $1.14.