Friday, 9 Dec 2011. TIMECOM – Stock Pick

TIMECOM ( 5031 : 0.72 ) : Targeting 0.82
Description
Resistance : 0.75 0.82
Support : 0.69
RSI of 72
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
While it is overbought, it is likely to stay overbought for a while longer, indicating a likely upside of 0.82.
Caution is on a dip be low 0.69, signaling a correction
Trading Strategy
Buy for 0.82. Stop loss is at 0.69