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NewsRenewed buying interest emerges in Khee San, says AllianceDBS Research
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Renewed buying interest emerges in Khee San, says AllianceDBS Research
by Cals Fri 17 Jul 2015, 01:05
Renewed buying interest emerges in Khee San, says AllianceDBS Research
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By theedgemarkets.com / theedgemarkets.com | July 16, 2015 : 7:39 AM MYT
[size=14]KUALA LUMPUR (July 16): [size=14]AllianceDBS Research said renewed buying interest had emerged in Khee San Bhd ([You must be registered and logged in to see this image.]Financial Dashboard) and said Khee San had on July 15 crossed over the 77 sen hurdle to reach a high of 79 sen before settling at 77.5 sen (up 3.5 sen or 4.73%).
In its evening edition yesterday, the research house said the crossover of the 77 sen hurdle would likely see Khee San trading upward with the next upside target pegged between 85 sen and 90 sen.
“Risk taking traders can establish a buying position at RM0.765 on a small pullback.
“Once a buying position is established, a stop loss at 75 sen level must be placed for risk capital protection, and this 75 sen is to be followed by a trailing stop loss strategy.
“If you are prepared to take a trading loss risk of RM15 (excluding brokerage) for RM85–RM135 potential profit, you may acquire 1,000 shares with a capital amount of RM765 assuming buying order is filled at 76.5 sen,” it said.[/size]
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[You must be registered and logged in to see this image.]
By theedgemarkets.com / theedgemarkets.com | July 16, 2015 : 7:39 AM MYT
[size=14]KUALA LUMPUR (July 16): [size=14]AllianceDBS Research said renewed buying interest had emerged in Khee San Bhd ([You must be registered and logged in to see this image.]Financial Dashboard) and said Khee San had on July 15 crossed over the 77 sen hurdle to reach a high of 79 sen before settling at 77.5 sen (up 3.5 sen or 4.73%).
In its evening edition yesterday, the research house said the crossover of the 77 sen hurdle would likely see Khee San trading upward with the next upside target pegged between 85 sen and 90 sen.
“Risk taking traders can establish a buying position at RM0.765 on a small pullback.
“Once a buying position is established, a stop loss at 75 sen level must be placed for risk capital protection, and this 75 sen is to be followed by a trailing stop loss strategy.
“If you are prepared to take a trading loss risk of RM15 (excluding brokerage) for RM85–RM135 potential profit, you may acquire 1,000 shares with a capital amount of RM765 assuming buying order is filled at 76.5 sen,” it said.[/size]
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