KUALA LUMPUR (Jan 14): AllianceDBS Research CJ Century Holdings Bhd (CJCen) had on 11 January 2019 crossed over the 44 sen hurdle to settle at the day’s high of 45 sen (up 4 sen or 9.75%).

In its evening edition last Friday, the research house said the crossover of the 44 sen hurdle would likely see CJcen trading upward with the next upside target pegged between 47 sen and 49 sen.

It said risk taking traders can establish a buying position at 44 sen on a small pullback.

“Once a buying position is established, a stop loss at 43 sen level must be placed for risk capital protection, and this 43 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 RM30 – RM50 potential profit, you may acquire 1,000 shares with a capital amount of RM440 assuming buying order is filled at 44 sen,” it said.