Tuesday, 29 Nov 2011. PMCAP – Stock Pick

PMCAP ( 4871 : 0.095 ) : Targeting 0.12
Description
Resistance : 0.12
Support : 0.085
RSI of 56
RSI is on the rise
STOCHASTIC
It is oversold, and recovering
TREND INDICATOR
Sideways
Comment
The recent recovering is not over yet, as it is heading to test the overhead resistance at 0.12
Trading Strategy
Buy. Stop loss is at 0.085