Tuesday, 26 July 2011. ULICORP – Stock Pick

ULICORP ( 7133 : 1.26 ) : Stop loss raised to 1.24
Description
Resistance : 1.42
Support : 1.25
RSI of 70
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR.
Up
Comment
It has hit our target of 1.32. It is suggested to raise the stop loss to 1.24, as it may test the Double Top of
1.42.
Trading Strategy
Buy. Stop loss is raised to 1.24