Dec 23, 2009


Zhulian:  stock code:  5131 Main Boardzhulian-chart

Chart wise  :  Curving up; but, watchful eyes

Zhulian (5131-MainBoard) had on 22/12/2009 crossed
over the immediate high of RM1.63 (17/11/2009) to reach
a day high of RM1.68 before settled at RM1.67. 

Next Potential Upside Target : With the upside
violation of RM1.63 level, Zhulian would thus be likely to
trade upward with next upside target at RM1.70 – RM1.75.

Entry Level  : Risk taking traders may establish buying
position at RM1.63.

Stop Loss Level : Once a buying position is being
established, a stop loss level at  RM1.52 level  must be
placed for risk capital protection purpose followed by
trailing stop loss strategy.

source: Mercury securities