KUALA LUMPUR (June 14): AllianceDBS Research said ES Ceramics Technology Bhd (Esceram) was ready to make new highs again and that Esceram had on June 13 traded higher to an all-time high of 61 sen before settling at 60.5 sen  (up half a sen or 9.00%).

In its evening Monday, the research house said a crossover of the 60.5 sen hurdle again would likely see Esceram trading upward with the next upside target pegged between 66 sen and 70 sen.

It said risk taking traders could establish a buying position at 59 sen on a small pullback.

“Once a buying position is established, a stop loss at 57.5 sen level must be placed for risk capital protection, and this 57.5 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 RM70 – RM110 potential profit, you may acquire 1,000 shares with a capital amount of RM590 assuming buying order is filled at 59 sen,” it said.