KUALA LUMPUR (July 24): AllianceDBS Research said Visdynamics Holdings Bhd (Vis) had on July 23 traded higher to settle at the day’s high of 40.5 sen (up 2.5 sen or 6.57%).

In its evening edition yesterday, the research house said a crossover of 41.5 sen hurdle would likely see Vis trading upward with the next upside target pegged between 44 sen and 45 sen.

It said risk taking traders can establish a buying position at 39.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 39 sen level must be placed for risk capital protection, and this 39 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM5 (excluding brokerage) for RM45 – RM55 potential profit, you may acquire 1,000 shares with a capital amount of RM395 assuming buying order is filled at 39.5 sen,” it said.