Thursday, 21 June 2012 MRCB – Stock Pick

Thursday, 21 June 2012 MRCB – Stock Pick



MRCB ( 1651 : 1.82 ) : Take profit

Description

Resistance : 1.82

Support : 1.69

RSI of 66
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 18/5/2012 buy at 1.58, we are recommending to take profit at 1.82, as it has hit our target of 1.82.
Technicals are also overbought indicating a limited upside

Trading Strategy
Take profit

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.