Monday, 21 Nov 2011. SIME – Stock Pick

SIME ( 4197 : 8.93 ) : Targeting 9.30
Description
Resistance : 9.30
Support : 8.80
RSI of 60
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR
Down
Comment
The current uprun is heading for the overhead resistance of 9.30
Trading Strategy
Buy for 9.30. Tight stop loss at 8.80