KUALA LUMPUR (Jan 19): AllianceDBS Research said Gadang Holdings Bhd (Gadang) was in line waiting and that Gadang had on Jan 18 traded higher to RM1.07 before settling near the day’s high at RM1.06 (up 1 sen or 0.95%). In its evening edition yesterday, the research house said a crossover of the RM1.09 hurdle would likely see Gadang trading upward with the next upside target pegged at RM1.15. It said risk taking traders could establish a buying position at RM1.05 on a small pullback. “Once a buying position is established, a stop loss at RM1.03 level must be placed for risk capital protection, and this RM1.03 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 RM100 potential profit, you may acquire 1,000 shares with a capital amount of RM1,050 assuming buying order is filled at RM1.05,” it said.

Source: The Edge Markets January 18, 2017 21:56 UTC