Bursa Alert
Global Market
NewsRenewed buying interest emerges in Deleum, says AllianceDBS Research
Page 1 of 1
Renewed buying interest emerges in Deleum, says AllianceDBS Research
by Cals Wed 02 Mar 2016, 23:53
Renewed buying interest emerges in Deleum, says AllianceDBS Research
By theedgemarkets.com / theedgemarkets.com | March 2, 2016 : 6:56 AM MYTKUALA LUMPUR (March 2): AllianceDBS Research said renewed buying interest had emerged in Deleum Bhd and that Deleum had on March 1 traded higher to RM1.11 before settling near the day’s high at RM1.10 (up 4 sen or 3.77%).
In a note yesterday, the research house said a crossover of the RM1.18 hurdle would likely see Deleum trading upward with the next upside target pegged between RM1.28 and RM1.38.
It said risk taking traders could establish a buying position at RM1.08 on a small pullback.
“Once a buying position is established, a stop loss at RM1.06 level must be placed for risk capital protection, and this RM1.06 is to be followed by a trailing stop loss strategy.
“If you are prepared to take a trading loss risk of RM20 (excluding brokerage) for RM200 – RM300 potential profit, you may acquire 1,000 shares with a capital amount of RM1,080 assuming buying order is filled at RM1.08,” it said.
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 FGV, says AllianceDBS Research
» Renewed buying interest emerges in Ho Hup, 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 Ideal Sun City, says AllianceDBS Research
» Renewed buying interest emerges in Ho Hup, 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 Ideal Sun City, says AllianceDBS Research
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|