KUALA LUMPUR (April 24): AllianceDBS Research said Kerjaya Prospek Group Bhd (Kerjaya) had on April 23 crossed over the RM1.39 hurdle to an intraday high of RM1.40 before settling at RM1.34 (up 1 sen or 0.75%).

In its evening edition April 23, the research house said a crossover of the RM1.39 hurdle again would likely see Kerjaya trading upward with the next upside target pegged between RM1.45 and RM1.60.

It said risk taking traders can establish a buying position at RM1.31 on a small pullback.

“Once a buying position is established, a stop loss at RM1.28 level must be placed for risk capital protection, and this RM1.28 is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM30 (excluding brokerage) for RM140 – RM290 potential profit, you may acquire 1,000 shares with a capital amount of RM1,310 assuming buying order is filled at RM1.31,” it said.