KUALA LUMPUR (Jan 6): AllianceDBS Research said renewed buying interest had emerged in TDM Bhd and that TDM had on Jan 5 Jan traded higher to 72 sen before settling near the day’s high at 71.5 sen (up 3.5 sen or 5.14%).

In its evening edition yesterday, the research house said a crossover of the 73.5 sen hurdle would likely see TDM trading upward with the next upside target pegged between 80 sen and 85 sen.

It said risk taking traders could establish a buying position at 70.5 sen on a small pullback.

“Once a buying position is established, a stop loss at 69 sen level must be placed for risk capital protection, and this 69 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 RM95 – RM145 potential profit, you may acquire 1,000 shares with a capital amount of RM705 assuming buying order is filled at 70.5 sen,” it said.