Tuesday, 22 Nov 2011. MASTEEL – Stock Pick

MASTEEL ( 5098 : 1.06 ) : Double bottom
Description
Resistance : 1.15 1.17
Support : 1.03
RSI of 45
RSI is stabilising
STOCHASTIC
It is neutral
TREND INDICATOR
Sideways
Comment
The recent correction may have ended at the Double bottom of 1.03, indicating a technical rebound to 1.15
Trading Strategy
Buy for 1.15. Stop loss is at 1.02