Likely further recovery after bullish break

Key supports intact. 
UOB?Kay Hian could see more upside ahead after rebounding off its 2.5-year uptrend support and $1.62 key support recently this was followed by a bullish break of its 3-year downtrend resistance on heavy volume yesterday.

Indicator is bullish. 
The MACD has just crossed back above its centerline this suggests that the upside momentum is accelerating.

Target price at $1.74. 
The counter could recover further towards the next key resistance at $1.74 (key peaks) in the weeks ahead.

Stop loss level at $1.60. 
Meanwhile, we advocate a stop-loss exit around $1.60, which is slightly below the firm support of $1.62.

...last:$1.655...