Monday, July 7, 2014

KLSE stock chart - HEVEA

Hevea is one of the stock in KLSE that is uptrending, making higher high and higher low, now that it is at the support level, we see this at a opportunity for short term trade. Big boys is going to decide the direction soon, either continue to make new High or not. The setup is as follow

Entry: $1.375
Stoploss: $1.335, Trend change if break this level
Target: $1.455
Risk Reward= 1:2
Timeframe: <2weeks

If trend break into new high, investor can keep half position to ride trend to the end, until it break the supertrend support.

HeveaBoard Berhad (HeveaBoard) is a Malaysia-based company engaged in manufacturing particleboards and investment holding. HeveaBoard and its subsidiaries manufacture, trade and distribute a range of particleboard and particleboard-based products. The Company operates in three segments: Manufacturing segment, which includes the business of manufacturing particleboards and manufacturing of ready-to-assemble furniture; Trading segment includes the trading of particleboards, other panel boards and trading of ready-to-assemble furniture, and Others include investment holding. HeveaBoard supplies for many applications including furniture components, dining sets, speaker boxes, door manufacturing, office system, and DIY furniture components. 

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