Wednesday, 13 July 2011. PMETAL – Stock Pick

PMETAL ( 8869 : 2.33 ) : Good support at 2.30
Description
Aluminium/stainless steel
Resistance : 2.63 2.72
Support : 2.27
RSI of 53
RSI appears to have stabilised
STOCHASTIC
It is riding on an upcycle
TREND INDICATOR.
Up
Comment
Currently it is hovering at the lower boundary of the range, indicating a limited downside
Trading Strategy
Buy. Stop loss is at 2.2