KUALA LUMPUR (Feb 16): AllianceDBS Research said renewed buying interest had emerged in Key Asic Bhd and that Key Asic had on Feb 15 crossed over the 19.5 sen to reach a high of 20 sen  before settling at 19.5 sen (up 2 sen or 11.42%).

In its evening edition yesterday, the research house said a crossover of the 19.5 sen hurdle again would likely see Key Asic trading upward with the next upside target pegged between 24 sen and 25 sen.

It said risk taking traders could establish a buying position at 19 sen on a small pullback.

“Once a buying position is established, a stop loss at 18 sen level must be placed for risk capital protection, and this 18 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 RM50 – RM60 potential profit, you may acquire 1,000 shares with a capital amount of RM190 assuming buying order is filled at 19 sen,” it said.