KUALA LUMPUR (Aug 2): AllianceDBS Research said Kronologi Asia Bhd (Krono) had on Aug 1 traded higher to 71.5 sen before settling near the day’s high at 70.5 sen (up 3 sen or 4.44%).

In its evening edition yesterday, the research house said a crossover of the 73.5 sen hurdle would likely see Krono trading upward with the next upside target pegged at 80 sen.

It said risk taking traders can establish a buying position at 69.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 68.5 sen level must be placed for risk capital protection, and this 68.5 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 RM105 potential profit, you may acquire 1,000 shares with a capital amount of RM695 assuming buying order is filled at 69.5 sen,”it said.