Friday, 3 Feb 2012 MBSB – Stock Pick

MBSB ( 1171 : 2.22 ) : Limited upside
Description
Resistance : 2.27-2.30
Support : 2.04
RSI of 74
RSI is in the process of turning downwards, from its overbought level
STOCHASTIC
It is overbought
TREND INDICATOR
Sideways
Comment
The recent uprun may have topped out at the high of 2.30, as technicals are overbought
Trading Strategy
Take profit

Disclaimer
This report is provided for information purposes only.