Tuesday, 20 Dec 2011. TRC– Stock Pick

TRC ( 5054 : 0.63 ) : Double Bottom
Description
Resistance : 0.67 0.72
Support : 0.54 0.59
RSI of 53
RSI is on an upmove
STOCHASTIC
It is oversold
TREND INDICATOR
Up
Comment
With a Double bottom of 0.54, it is heading for a test on the neckline of 0.67, to target 0.72
Trading Strategy
Buy. Stop loss is at 0.59
Disclaimer
This report is provided for information purposes only.