Wednesday, 20 July 2011. LBS – Stock Pick

LBS ( 5789 : 0.77 ) : Buy below 0.73
Description
Resistance : 0.90
Support : 0.72
RSI of 46
RSI is weakening
STOCHASTIC
It is oversold
TREND INDICATOR.
Down
Comment
The current correction from 0.95, may not be over yet. However, as it dips lower, technicals would have
gone oversold, indicating a likely support at below 0.73.
Trading Strategy
Buy lower around 0.73. Stop loss is at 0.67