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Renewed buying interest emerges in Deleum, says AllianceDBS Research

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Renewed buying interest emerges in Deleum, says AllianceDBS Research

Post 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 MYT

KUALA 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 : â€œMy 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

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