INSAS – Stock Pick

Friday, 18 Nov 2011. INSAS – Stock Pick

INSAS BHD (0.50000, 0.53500, 0.50000, 0.52000), TRIX (0.48172)
INSAS ( 3379 : 0.515 ) : Targeting 0.56
Description
Resistance : 0.56 0.60
Support : 0.50
RSI of 66
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR
Sideways
Comment
Following the consolidation breakout at 0.505, it is heading for the overhead resistance at 0.56
Trading Strategy
Buy for 0.56. Tight stop loss at 0.50