KUALA LUMPUR (April 10): AllianceDBS Research said PUC Bhd (PUC) had on April 9 traded within last Friday’s range to form an inside day bar before settling near the day’s high at 25.5 sen (up 2 sen or 8.51%).

In its evening edition Monday, the research house said a crossover of the 27.5 sen hurdle would likely see PUC trading upward with the next upside target pegged at 30 sen.

It said risk taking traders can establish a buying position at 24.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 24 sen level must be placed for risk capital protection, and this 24 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM5 (excluding brokerage) for RM55 potential profit, you may acquire 1,000 shares with a capital amount of RM245 assuming buying order is filled at 24.5 sen,” it said.