Tuesday, February 28, 2012
Jaya: Technical Buy Call by UOB Kay Hian with 19% potential return and $0.65 TP. House note that stock appears to be supported by its 50-day EMA. A break above $0.56 suggests the stock has more upside to come. The Stochastics indicator has crossed above its signal line in the oversold region, suggesting a rebound is due. Alternatively, investors may exit their longs if prices move below $0.50.