Thursday, 5 Jan 2012 TAKASO – Stock Pick

TAKASO ( 7071 : 0.21 ) : Stop loss 0.18
Description
Resistance : 0.23 0.31
Support : 0.18
RSI of 66
RSI is on the rise
STOCHASTIC
It is riding on an uptrend
TREND INDICATOR
Sideways
Comment
While it is still stuck in a consolidation, the longer term outlook favours an upside breakout to target 0.31
Trading Strategy
Buy. Stop loss is at 0.18

Disclaimer
This report is provided for information purposes only.