Is a current hit for Little Mix. After reading UOB"s latest technical report on SFY, I would love to SHout Out To My Ex to go buy SFY.
The reason being is the Unusually long period required for this target to bear fruit, which is anywhere between two weeks and three months.
Anyway, this is what UOB said :
SYF Resources (SYF MK)
Technical BUY with +28.8% potential upside
Last price : RM0.52
Target price : RM0.61, RM0.67
Support : RM0.50
Stop-loss : RM0.495
Buy with a target price of RM0.67 and stop-loss below
RM0.495.
Following a pullback from the recent high, SYF
established support at RM0.295 before gradually recovering
and closed above the BBI line on yesterday’s movement.
The
EMA 7-day just made a golden crossover with the EMA 21-
day yesterday.
This is supported by the positive reading from
the MACD that suggests the overall bullish bias is intact.
The
DMI shows buying momentum has overcome selling
momentum at the moment.
We peg our targets at RM0.615
and RM0.675 for the near term
Expected timeframe: 2 weeks to 3 months.
