Wednesday, 27 July 2011. IVORY – Stock Pick

IVORY ( 5175 : 1.23 ) : Tight stop loss at 1.18
Description
Property
Resistance : 1.34 1.41
Support : 1.18
RSI of 71
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR.
Down
Comment
The current up trend is targeting 1.34, and likely to test the previous high of 1.41
Trading Strategy
Buy. Stop loss is at 1.18