KSH (technical)

KSH: UOB kay Hian has Technical Buy Call. House recommends Buy with a target price of $0.56 with tight stops placed below $0.46. Note that the stock is likely to trend higher as it appears to be supported by its rising 35-day moving average and has closed above its mid Bollinger band while forming a higher low. Its Stochastics indicator has formed a bullish crossover and was accompanied with a RSI rebound above a reading of 40. Watch to see if the MACD indicator could form a bullish crossover.