KUALA LUMPUR (Sept 26): AllianceDBS Research said HLT Global Bhd (HLT) had on Sept 25 crossed over the 51 sen hurdle to reach a high of 52.5 sen before settling near the day’s high at 52 sen (up 3 sen or 6.12%).

In its evening edition yesterday, the research house said the crossover of the 51 sen hurdle would likely see HLT trading upward with the next upside target pegged between 57.5 sen and 61 sen.

It said risk taking traders can establish a buying position at 50.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 49.5 sen level must be placed for risk capital protection, and this 49.5 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 RM70 – RM105 potential profit, you may acquire 1,000 shares with a capital amount of RM505 assuming buying order is filled at 50.5 sen,” it said.