Wee Hur (technical)

Wee Hur: UOBK rates Technical BUy with TP $0.45, after the stock attempted to close above its 200-day EMA after a Bollinger squeeze breakout towards the upside. Says watch to see if a golden cross could form should its 50-day EMA turn above its 200- day EMA as its +DI may rise correspondingly with its ADX and MACD indicator risen above its centreline. Protective stops could be placed at $0.325.