Friday 26 Apr 2024
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KUALA LUMPUR (Aug 3): AllianceDBS Research said Notion Vtec Bhd (Notion) had on Aug 2 crossed over the 59.5 sen hurdle to reach an intraday high of 61.5 seb before settling at 60 sen (up 3.5 sen or 6.19%).

In its evening edition yesterday, the research house said the crossover of the 59.5 sen hurdle would likely see Notion trading upward with the next upside target pegged between 63.5 sen and 67 sen.

It said risk taking traders can establish a buying position at 58.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 57 sen level must be placed for risk capital protection, and this 57 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM15 (excluding brokerage) for RM50 – RM85 potential profit, you may acquire 1,000 shares with a capital amount of RM585 assuming buying order is filled at 58.5 sen,” it said.

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