Tat Hong (technical)

Tat Hong: UOBK reiterates Technical Buy with a revised TP of $0.975. Tips protective (trailing) stop at $0.82. Says, watch to see if the shooting star pattern on 28 May could be negated as its rising 20 and 50 day EMAs could form a golden cross with the declining 200 day EMA. The MACD indicator has formed a bullish crossover above its centreline, suggesting that the positive momentum could continue.