KUALA LUMPUR (Aug 12): AllianceDBS Research said Comfort Gloves Bhd (Comfort) was in position to trade higher and that Comfort had on Aug 11 crossed over the 67.5 sen hurdle to settle at the day’s high of 70 sen (up 4 sen or 6.06%).

In its evening edition yesterday, the research house said the crossover of the 67.5 sen hurdle would likely see Comfort trading upward with the next upside target pegged between 75 sen and 77 sen.

It said risk taking traders can establish a buying position at 69 sen on a small pullback.

“Once a buying position is established, a stop loss at 67.5 sen level must be placed for risk capital protection, and this 67.5 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 RM60 – RM80 potential profit, you may acquire 1,000 shares with a capital amount of RM690 assuming buying order is filled at 69 sen,” it said.