Stock Name: Sakari
Company Name: SAKARI RESOURCES LIMITED
Company Name: SAKARI RESOURCES LIMITED
| Research House: UOB KayHian | Price Call: BUY | Target Price: 1.70 |
Charts tip Sakari Resources at Buy with $1.70 target, UOB KayHian technical analysis says.
“The stock appears to be staging a strong rebound at its mid Bollinger band or near $1.40, a level to hold for further upside. Its 20-day moving average looks poised to cross above its 50-day moving average and a break above $1.57 is likely to result in this target being achieved.”
It advises watching for possible bullish crossovers on its MACD and Stochastics indicators.
It tips stops could be placed below $1.39. The stock is up 3.0% at $1.525 in solid volume.
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