Tuesday, 20 Dec 2011. MEGB– Stock Pick

MEGB ( 5166 : 1.17 ) : Oversold
Description
Resistance : 1.30
Support : 1.10
RSI of 51
RSI is on a positive divergence
STOCHASTIC
It is oversold
TREND INDICATOR
Up
Comment
With oversold technicals, a technical rebound of 61.8%, to 1.30, is likely
Trading Strategy
Buy. Stop loss is at 1.10


Disclaimer
This report is provided for information purposes only.