Mar 21, 2010

Evergreen Fibreboard

Chart wise : Seen ready to break upward……………
Evergreen-fibreboad 
click to enlarge

Evergreen FibreBoard (5101-MainBoard) had on 19/3/2010 traded higher with a day high of RM1.67 before settled at RM1.65.

Next Potential Upside Target : An upside violation of RM1.70 level would see Evergreen FibreBoard  to trade upward with next upside target at RM1.90 – RM2.00. 

Entry Level  : Risk taking traders may establish buying position at RM1.62.

Stop Loss Level : Once a buying position is being established, a stop loss level at  RM1.49 level  must be placed for risk capital protection purpose followed by trailing stop loss strategy.
source: Mercury Securities