Monday, 27 Aug 2012 MBL – Stock Pick

Monday, 27 Aug 2012 MBL – Stock Pick



MBL ( 5152 : 1.28 ) : Take profit

Description

Resistance : 1.29

Support : 1.22

RSI of 70
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 7/8/2012 at 1.18, we are recommending to take profit as it is approaching overbought. And
it appears to have been capped at the Double Top of 1.29

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.