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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BURSAMASTER
800 posts
Posted by BURSAMASTER > 2015-04-11 22:17 | Report Abuse
Highlights / Stock Picks of the Day - Evergreen Fiberboard Berhad (EVERGRN) – Trading Buy
Author: kiasutrader | Publish date: Fri, 10 Apr 2015, 09:25 AM
EVERGRN rose 2.0 sen or 1.7% to close at RM1.21 after a consolidation phase from its recent high of RM1.28. Key indicators are painting a bullish picture as RSI is heading north while Stochastic has performed a positive crossover. Historical trend also suggests that the share price may stage a rebound from the 20-day SMA line or its channel support level. We anticipate that the share price will rebound towards its channel resistance level of RM1.37. Hence, we are issuing a “Trading Buy” call with a target price pegged at RM1.37.