Wednesday, 7 Dec 2011. PROTON – Stock Pick

PROTON ( 5304 : 4.30 ) : Take profit
Description
Resistance : 4.70
Support : 3.74
RSI of 77
RSI is on a sell divergence
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
Technically, the recent run up has overextended. With the RSI on a negative divergence, a correction is
likely. The 50% retracement is at 3.74
Trading Strategy
Take profit