KUALA LUMPUR (Jan 7): AllianceDBS Research said renewed buying interest had emerged Jerasia Capital Bhd (Jerasia) and that Jerasia had on Jan 6 traded higher to a high of 82.5 sen before settling near the day’s high at 81.5 sen (up 5.5 sen or 7.23%).

In its evening edition yesterday, the research house said a crossover of the 89 sen hurdle would likely see Jerasia trading upward with the next upside target pegged between 93 sen and RM1.00.

It said risk taking traders could establish a buying position at 79.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 77.5 sen level must be placed for risk capital protection, and this 77.5 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM20 (excluding brokerage) for RM135 – RM205 potential profit, you may acquire 1,000 shares with a capital amount of RM795 assuming buying order is filled at 79.5 sen,” it said.