KUALA LUMPUR (July 31): AllianceDBS Research said Comfort Gloves Bhd (Comfort) said had on July 28 crossed over the 92.5 sen hurdle to a high of 93.5 sen before settling near the day’s high at 93 sen (up 4.5 sen or 5.08%).

In its evening edition last Friday, the research house said the crossover of the 92.5 sen hurdle would likely see Comfort trading upward with the next upside target pegged between RM1.00 and RM1.10.

It said risk taking traders can establish a buying position at 91.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 90.5 sen level must be placed for risk capital protection, and this 90.5 sem 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 RM85 – RM185 potential profit, you may acquire 1,000 shares with a capital amount of RM915 assuming buying order is filled at 91.5 sen,” it said.