Wednesday, 9 May 2012 SANBUMI – Stock Pick

SANBUMI ( 9113 : 0.38 ) : Buy below 0.345/stop loss 0.32

Description

Timber

Resistance : 0.50

Support : 0.34

RSI of 77
RSI is overbought


STOCHASTIC
It is overbought


Comment
Following the strong recent climb, a pullback to 0.34 is likely before further upward move


Trading Strategy
Buy. Stop loss is at 0.32


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.