Friday, 1 July 2011. SILVER – Stock Pick

SILVER ( 7136 : 0.52 ) : Oversold
Description
Bakery
Resistance : 0.56
Support : 0.49
RSI of 38
RSI is oversold
STOCHASTIC
It is oversold
TREND INDICATOR.
Down
Comment
Following the sharp sell down, it has gone oversold. Accumulation is observed at around 0.52. Upside is
likely to be capped at 0.56.
Trading Strategy
Buy. Stop loss is at 0.49