Ramba Energy (technical)

Ramba Energy: UOB Kay Hian has Technical Buy Call with potential 21.8% return and $0.475 TP. House note that Prices appear to break above its upper Bollinger band as the stock closed above its mid Bollinger band. Trading volume was higher in the last trading session and a break above its 200-day moving average may constitute a break out. Watch whether prices could trend higher on the back of a bullish crossover at Stochastics and a hook up at its MACD indicator. Stops could be placed at below $0.36.