KUALA LUMPUR (July 18): AllianceDBS Research said Brahim’s Holdings Bhd (Brahims) had on July 17 crossed over the 32.5 sen hurdle to reach a high of 35 sen before settling near the day’s high at 34.5 sen (up 5 sen or 16.9%).

In its evening edition Tuesday, the research house said the crossover of the 32.5 sen hurdle would likely see Brahims trading upward with the next upside target pegged between 38 sen and 40 sen.

It said risk taking traders can establish a buying position at 33 sen on a small pullback.

“Once a buying position is established, a stop loss at 31.5 sen level must be placed for risk capital protection, and this 31.5 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 RM50 – RM70 potential profit, you may acquire 1,000 shares with a capital amount of RM330 assuming buying order is filled at 33 sen,” it said.