Thursday, 28 July 2011. TM – Stock Pick

TM ( 4863 : 4.07 ) : Limited upside
Description
Resistance : 4.24 4.32
Support : 4.00
RSI of 78
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR.
Comment
As technicals are overbought, the upside is limited to 4.24-4.32. A dip below 4.00, will signal a pullback
Trading Strategy
Avoid. Tight Stop loss at 4.0