KUALA LUMPUR (July 19): AllianceDBS Research said Kronologi Asia Bhd (Krono) had on July 18 crossed over the 66 sen hurdle to reach a high of 67.5 sen before settling near the day’s high at 66.5 sen (up 3.5 sen or 5.55%).

In its evening edition yesterday, the research house said the crossover of the 66 sen hurdle would likely see Krono trading upward with the next upside target pegged between 72 sen and 74 sen.

It said risk taking traders can establish a buying position at 65 sen on a small pullback.

“Once a buying position is established, a stop loss at 64 sen level must be placed for risk capital protection, and this 64 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 RM70 – RM90 potential profit, you may acquire 1,000 shares with a capital amount of RM650 assuming buying order is filled at 65 sen,” it said.