Tuesday, 29 May 2012 SMI – Stock Pick

Tuesday, 29 May 2012 SMI – Stock Pick



SMI ( 4375 : 0.27 ) : Avoid

Description

Resistance : 0.32

Support : 0.24

RSI of 72
RSI is overbought

STOCHASTIC
It is overbought


Comment
The recent sharp uprun has ended at the high of 0.32 yesterday. It is in for a correction, with support at 0.24

Trading Strategy
Avoid

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.