Tuesday, 22 May 2012 MFLOUR – Stock Pick

Tuesday, 22 May 2012 MFLOUR – Stock Pick



MFLOUR ( 3662 : 1.45 ) : Targeting 1.70/Stop loss 1.32

Description

Resistance : 1.70 1.82

Support : 1.32 1.38

RSI of 13
RSI is oversold

STOCHASTIC
It is oversold

Comment
With oversold technicals, it is due for a rebound to 1.70, and possibly 1.82

Trading Strategy
Buy. Stop loss is at 1.32


Disclaimer
This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without
notice.