KUALA LUMPUR (Sept 20): AllianceDBS Research said Eversendai Corporation Bhd (Sendai) gapped up to cross over the 49.5 sen hurdle. In its evening edition yesterday, the research house said the stock subsequently reached a high of 53.5 sen before settling at 51.5 sen (up 4.5 sen or 9.57%). It said the crossover of the 49.5 sen hurdle would likely see Sendai trading upward with the next upside target pegged between 58 sen and 60 sen. It said risk taking traders can establish a buying position at 50 sen on a small pullback. “Once a buying position is established, a stop loss at 48.5 sen level must be placed for risk capital protection, and this 48.5 sen is to be followed by a trailing stop loss strategy.

Source: The Edge Markets September 19, 2016 22:18 UTC