Evergreen

Another diving stock.
from 1.70 (4/2010) to 90 sen (9/2011). A long 18 months bear.



















LTH has since accumulating the stock since Mar 2011 to Aug 2011. However, the stock remain bearish. Nonetheles, the stock bottom on 26/9/2011 with a hammer formed.











Fundamental Observation:

	Rev	PAT
Q409	224,143	41,577
Q110	238,689	33,081
Q210	241,465	36,493
Q310	228,894	19,520
Q410	242,138	17,745
Q111	233,557	5,751
Q211	252,279	12,532
Q311	279,675	24,071

1. Revenue flattening while PAT diving from Q409 to Q111
2. Revenue and PAT bottom up after Q111.

TA Observation:
1. first double bottom occurred in May and June 2011. However it was short life. (DB1)
2. second double bottom formed in Sep and Nov 2011. (DB2)
3. DB2 is more significant than DB1 - Stock crossed MA100 pushing towards MA200
4. MA50 should be crossing MA100 soon.
5. Support should be found at MA 100 or MA50 - A good level to accumulate.
6. Stock is overbought now with buying climax on 20/1 & 25/1.

Action:
Wait for retracement to MA50/100 to accumulate.