KUALA LUMPUR (April 14): AllianceDBS Research said renewed buying interest had emerged in Dayang Enterprise Holdings Bhd (Dayang) and that Dayang had on April 13 traded higher to RM1.36 before settling near the day’s high at RM1.35 (up 5 sen or 3.84%).

In its evening edition yesterday, the reseach house said a crossover of the RM1.40 hurdle would likely see Dayang trading upward with the next upside target pegged between RM1.55 and RM1.60.

It said risk taking traders could establish a buying position at RM1.33 on a small pullback.

“Once a buying position is established, a stop loss at RM1.31 level must be placed for risk capital protection, and this RM1.31 is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM20 (excluding brokerage) for RM220 – RM280 potential profit, you may acquire 1,000 shares with a capital amount of RM1,330 assuming buying order is filled at RM1.33,” it said.