KUALA LUMPUR (July 26): AllianceDBS Research said Dataprep Holdings Bhd (Dataprp) had on July 25 crossed over the 25.5 sen hurdle to settle at the day’s high of 28 sen (up 4.5 sen or 19.1%).

In its evening edition yesterday, the research house said the crossover of the 25.5 sen hurdle would likely see Dataprp trading upward with the next upside target pegged between 29.5 sen and 35 sen.

It said risk taking traders can establish a buying position at 26.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 25.5 sen level must be placed for risk capital protection, and this 25.5 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 – RM75 potential profit, you may acquire 1,000 shares with a capital amount of RM265 assuming buying order is filled at 26.5 sen,” it said.