KUALA LUMPUR (Sept 10): AllianceDBS Research said Khee San Bhd was ready to test higher level, and that Khee San had on Sept 9 crossed over the 64 sen hurdle to reach a high of 66 sen before settling at 65 sen (up 1.5 sen or 2.36%).

In its evening edition yesterday, the research house said the crossover of the 64 sen hurdle would likely see Khee San trading upward with the next upside target pegged between 67.5 sen and 71.5 sen.

AllianceDBS Research said risk taking traders can establish a buying position at 64 sen on a small pullback.

It said once a buying position is established, a stop loss at 63 sen level must be placed for risk capital protection, and this 63 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 RM35 – RM75 potential profit, you may acquire 1,000 shares with a capital amount of RM640 assuming buying order is filled at 64 sen,” it said.