KUALA LUMPUR (April 4): AllianceDBS Research said Uzma Bhd had on April 3 gapped up to reach a high of RM1.03 before settling at RM1.01 (up 0.5 sen or 5.20%).

In its evening edition yesterday, the research house said a crossover of the RM1.07 hurdle would likely see Uzma trading upward with the next upside target pegged between RM1.16 and RM1.20.

It said risk taking traders can establish a buying position at 99.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 98 sen level must be placed for risk capital protection, and this 98 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 RM165 – RM205 potential profit, you may acquire 1,000 shares with a capital amount of RM995 assuming buying order is filled at 99.5 sen,” it said.