Thursday, 1 Dec 2011. VERSATL – Stock Pick

VERSATL ( 4995 : 0.37 ) : Targeting 0.42
Description
Containers and packaging
Resistance : 0.42
Support : 0.30
RSI of 86
RSI is overbought
STOCHASTIC
It is on an up swing
TREND INDICATOR
Up
Comment
The sharp upkick yesterday is likely to spillover, to target 0.42. A stop loss should be placed at the price gap
of 0.30
Trading Strategy
Buy. Stop loss is at 0.30