Thursday, 8 Dec 2011. MKLAND – Stock Pick

MKLAND ( 8893 : 0.31 ) : Targeting 0.38
Description
Resistance : 0.38
Support : 0.30
RSI of 54
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR
Sideways
Comment
It has bottomed out at 0.295, due to its oversold level. It is likely to recover to the 61.8% retracement of 0.38
Trading Strategy
Buy. Stop loss is at 0.295