Wednesday, May 16, 2012
Ho Bee
Ho Bee: UOB Kay Hian has Technical buy call with 10.3% potential return and $1.34 TP. House note that the stock could potentially rebound after it has retraced and currently has formed a piercing candlestick pattern. The daily Stochastics indicator has formed a bullish crossover and is trending up. Alternatively, longs may be exited if prices move below $1.14. House insti research has a fundamental BUY with a $1.80 TP.
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