Thursday, 8 Dec 2011. LINGUI – Stock Pick

LINGUI ( 2011 : 1.18 ) : Targeting 1.37
Description
Resistance : 1.31 1.37
Support : 1.06 1.12
RSI of 30
RSI is recovering from its oversold level
STOCHASTIC
It is oversold
TREND INDICATOR
Down
Comment
It has bottomed out due to its oversold level. A 50% retracement to 1.37 is likely
Trading Strategy
Buy. Stop loss is at 1.06