KUALA LUMPUR (Nov 23): AllianceDBS Research said WCE Holdings Bhd (WCEHB) had on Nov 22 gapped up to cross over the 68 sen hurdle.

It said the stock subsequently settled at the day’s high of 70 sen (up 5.5 sen or 8.52%).

In its evening edition Thursday, the research house said the crossover of the 68 sen hurdle would likely see WCEHB trading upward with the next upside target pegged between 73 sen and 75 sen.

It said risk taking traders can establish a buying position at 68.5 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 RM10 (excluding brokerage) for RM45 – RM65 potential profit, you may acquire 1,000 shares with a capital amount of RM685 assuming buying order is filled at 68.5 sen,” it said.