Thursday, 19 July 2012 MAYBANK – Stock Pick

Thursday, 19 July 2012 MAYBANK – Stock Pick



MAYBANK ( 1155 : 8.77 ) : Take profit

Description

Resistance : 8.82

Support : 8.60

RSI of 55
RSI is neutral

STOCHASTIC
It is overbought

Comment
Since the 7/6/2012 buy at 8.70, it has gone very steady. As it currently appears to be capped at 8.82 and
seems to be going no where, we are recommending to take profit at the current level

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.