KUALA LUMPUR (July 19): AllianceDBS Research said GHL Systems Bhd (Ghlsys) had on July 18 traded higher to RM1.62 before settling near the day’s high at RM1.58 (up 6 sen or 3.94%).

In its evening edition yesterday, the research house said a crossover of the RM1.64 hurdle would likely see Ghlsys trading upward with the next upside target pegged between RM1.85 and RM2.00.

It said risk taking traders can establish a buying position at RM1.55 on a small pullback.

“Once a buying position is established, a stop loss at RM1.52 level must be placed for risk capital protection, and this RM1.52 is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM30 (excluding brokerage) for RM300 – RM450 potential profit, you may acquire 1,000 shares with a capital amount of RM1,550 assuming buying order is filled at RM1.55,” it said.