Friday, 15 July 2011. WIJAYA – Stock Pick

WIJAYA ( 4022 : 0.54 ) : Overbought
Description
Timber
Resistance : 0.62
Support : 0.44 0.48
RSI of 70
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR.
Up
Comment
The recent sharp run up has reached overbought levels, indicating that it is due for a pullback to 0.48. A dip
below the price gap of 0.44 will be negative
Trading Strategy
Avoid.