KUALA LUMPUR (Oct 2): AllianceDBS Research said Rev Asia Bhd (Rev) had on Oct 1 crossed over the 33 sen hurdle to reach a high of 34.5 sen before settling at 33.5 sen (up 1.5 sen or 4.68%).

In its evening edition yesterday, the research house said the crossover of the 33 sen hurdle would likely see Rev trading upward with the next upside target pegged between 37 sen and 38 sen.

It said risk taking traders can establish a buying position at 33 sen on a small pullback.

“Once a buying position is established, a stop loss at 32.5 sen level must be placed for risk capital protection, and this 32.5 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 RM40 – RM50 potential profit, you may acquire 1,000 shares with a capital amount of RM330 assuming buying order is filled at 33 sen,” it said.