KUALA LUMPUR (Sept 27): AllianceDBS Research said Ideal Jacobs (M) Corp Bhd (Ijacobs) had on Sept 26 crossed over the 34.5 sen hurdle to an intraday high of 35.5 sen before settling at 34.5 sen (up 2.5 sen or 7.81%).

In its evening edition Wednesday, the research house said a crossover of the 34.5 sen hurdle again would likely see IJacobs trading upward with the next upside target pegged between 37.5 sen- 40 sen.

It said risk taking traders can establish a buying position at 33.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 32.5 sen level must be placed for risk capital protection, and this 32.5 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 RM40 – RM65 potential profit, you may acquire 1,000 shares with a capital amount of RM335 assuming buying order is filled at 33.5 sen,” it said.