Tuesday, 22 Nov 2011. FLONIC – Stock Pick

FLONIC ( 0109 : 0.26 ) : Double Top
Description
Industrial cleaning equipment
Resistance : 0.31
Support : 0.22
RSI of 63
RSI is overbought
STOCHASTIC
It is neutral
TREND INDICATOR
Sideways
Comment
The upkick yesterday was capped at the Double Top of 0.31, indicating a pullback to 0.22
Trading Strategy
Take profit