Qingmei (technical)

Qingmei: Technical Buy Call by UOB Kay Hian with potential 21.4% return and $0.068 TP. House note that Prices look poised to break out from a Bollinger band squeeze and have crossed above its mid Bollinger band. An interim bottom appears at $0.05 at this juncture. Indicators have turned up, with its Stochastics forming a bullish crossover. Stops could be placed at below $0.05.