GPacket shares sustain uptrend in early trade
Oct 11, 2017
KUALA LUMPUR: Shares in Green Packet Bhd
(GPacket) continued to attract trading interest in early trade.
The counter added another 1.37%, or 0.5 sen to 37 sen. The counter has rising since the end of last month.
AllianceDBS Research said a crossover of the 37.5 sen hurdle would likely see GPacket trading upward with the next upside target pegged between 40 sen and 40.5 sen.
It added that risk taking traders could establish a buying position at 36 sen on a small pullback.
“If you are prepared to take a trading loss risk of RM5 (excluding brokerage) for RM40 – RM45 potential profit, you may acquire 1,000 shares with a capital amount of RM360 assuming buying order is filled at 36 sne,” AllianceDBS said.
