Bursa Alert
Global Market
NewsRenewed buying interest emerges in Ikhmas Jaya, says AllianceDBS Research
Page 1 of 1
Renewed buying interest emerges in Ikhmas Jaya, says AllianceDBS Research
by Cals Tue 15 Dec 2015, 05:06
Renewed buying interest emerges in Ikhmas Jaya, says AllianceDBS Research
By theedgemarkets.com / theedgemarkets.com | December 14, 2015 : 7:00 AM MYTKUALA LUMPUR (Dec 14): [size=16]AllianceDBS Research said renewed buying interest had emerged in Ikhmas Jaya Group Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A) and said that Ikhmas Jaya had on Dec 11 traded higher at 72 sen before settling at 71 sen (up 1 sen or 1.42%).
In its evening edition last Friday, the research house said a crossover of the 72.5 sen hurdle would likely see Ikhmas Jaya trading upward with the next upside target pegged between 79 sen and 82 sen.
It said risk-taking traders could establish a buying position at 70 sen on a small pullback.
"Once a buying position is established, a stop loss at 69 sen level must be placed for risk capital protection, and this 69 sen is to be followed by a trailing stop loss strategy.
"If you are prepared to take a trading loss risk of RM10 (excluding brokerage) for RM90–RM120 potential profit, you may acquire 1,000 shares with a capital amount of RM700 assuming buying order is filled at 70 sen," it said.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Renewed buying interest emerges in Ho Hup, says AllianceDBS Research
» Renewed buying interest emerges in FGV, says AllianceDBS Research
» Renewed buying interest emerges in Khee San, says AllianceDBS Research
» Renewed buying interest emerges in SapuraKencana, says AllianceDBS Research
» Renewed buying interest emerges in Deleum, says AllianceDBS Research
» Renewed buying interest emerges in FGV, says AllianceDBS Research
» Renewed buying interest emerges in Khee San, says AllianceDBS Research
» Renewed buying interest emerges in SapuraKencana, says AllianceDBS Research
» Renewed buying interest emerges in Deleum, says AllianceDBS Research
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|