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Cepatwawasan gapped up, says AllianceDBS Research

TheEdge Fri, May 19, 2017 05:52am - 3 years ago


KUALA LUMPUR (May 19): AllianceDBS Research said Cepatwawasan Group Bhd (Cepat) had on May 18 crossed over the 85 sen hurdle to reach a high of 90 sen before settling near the day’s high at 88.5 sen (up 4.5 sen or 5.35%).

In its evening edition yesterday, the research house said the crossover of the 85 sen hurdle would likely see Cepat trading upward with the next upside target pegged between 95 sen and 97 sen.

It said risk taking traders can establish a buying position at 87.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 86.5 sen level must be placed for risk capital protection, and this 86.5 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 RM75 – RM95 potential profit, you may acquire 1,000 shares with a capital amount of RM875 assuming buying order is filled at 87.5 sen,” it said.






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