Friday, 15 July 2011. E&O – Stock Pick

E&O ( 3417 : 1.54 ) : Oversold
Description
Property
Resistance : 1.66 1.70
Support : 1.49
RSI of 50
RSI is neutral
STOCHASTIC
It is oversold
TREND INDICATOR.
Down
Comment
The recent correction from the Double Top of 1.66, may have found support at 1.51. It is on a technical
rebound
Trading Strategy
Buy. Stop loss is at 1.49