M1 (technical)

M1: UOBK technicals has a Buy with TP $3.80. See the stock forming a continuation pattern and breaking up, thus continuing its prevailing uptrend. The stock appears to be well supported at its rising 200-day EMA and is trading above its rising 50-day EMA as well. On the immediate basis, watch to see if the stock could close above $3.50 on the back of a +DI/-DI crossover formed and its MACD indicator is still trending above its centreline. Protective stops could be placed at $3.15. UOBK institutional research has a fundamental BUY with TP $3.85.