Wednesday, 9 May 2012 MJPERAK – Stock Pick

MJPERAK ( 8141 : 0.31 ) : Targeting 0.36/stop loss 0.295

Description

Plastic materials

Resistance : 0.36

Support : 0.30

RSI of 52
RSI is oversold


STOCHASTIC
It is oversold


Comment
Following the consolidation breakout yesterday, it is likely to be retesting the previous high of 0.36


Trading Strategy
Buy. Stop loss is at 0.295



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.