Sinarmas Land (technical)

Sinarmas Land: OCBC Technicals says the counter could see more upside ahead after rebounding off its $0.63 key horizontal support recently; this was followed by a bullish break above its 15-month key downtrend resistance on heavy volume in the last session. MACD has just bounced off both its signal line and centerline; this suggests that the upside momentum is building up again. The house tips TP of $0.80 (key resistance at a key peak) in the weeks ahead. Stop loss level at $0.60, slightly below the firm support of $0.63.