Renewed buying interest emerged in GHL Systems, says AllianceDBS ResearchBy theedgemarkets.com / theedgemarkets.com | July 19, 2016 : 5:53 AM MYT
KUALA LUMPUR (July 19): AllianceDBS Research said renewed buying interest had emerged in GHL Systems Bhd (GHLsys) and that GHLsys had on July 18 traded higher to 96.5 sen before settling near the day’s high at 96 sen (up 4.5 sen or 4.91%).
In its evening edition yesterday, the research house said a crossover of the 96 sen hurdle again would likely see GHLsys trading upward with the next upside target pegged between RM1.06 and RM1.12.
It said risk taking traders can establish a buying position at 95 sen on a small pullback.
“Once a buying position is established, a stop loss at 93.5 sen level must be placed for risk capital protection, and this 93.5 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 RM110 – RM170 potential profit, you may acquire 1,000 shares with a capital amount of RM950 assuming buying order is filled at 95 sen,” it said.
â€œIt cannot be said too often that in speculation and investment, success comes only to those who work for itâ€
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