Jul 9, 2015

Asiamet - Technical BUY with +22.2% potential return

Asiamet Education Group (AEG MK)
Last price : RM0.585  Target price : RM0.63, RM0.715
Support : RM0.55 Stop-loss : RM0.545

asiamet analysis 
BUY with a target price of RM0.715 and stop-loss at below RM0.545. The stock has been trading below a downtrend line but we expect AEG will make a higher high and higher low after recent drop. This is supported by the 7-day EMA which is on the verge of making a golden cross with the 21-day EMA, indicating a bullish signal.

This is consistent with the uptick in the RSI, which  suggests  stronger  buying momentum ahead. We peg our targets at RM0.63 and RM0.715.

Expected Timeframe: 2 weeks to 2 months

by UOBKayHian   Date 07/07/2015


The principal activities of the Company are investment holding and the provision of management services while the Group is principally engaged in the provision of higher education and allied health science. The mission of the Company is to develop skilled professionals for the fields of nursing and allied health.