Thursday, 16 Aug 2012 MEGB – Stock Pick

Thursday, 16 Aug 2012 MEGB – Stock Pick



MEGB ( 5166 : 0.765 ) : Targeting 0.80/

Description

Resistance : 0.80

Support : 0.75

RSI of 22
RSI is oversold

STOCHASTIC
It is oversold

Comment
As it is oversold on the Double bottom of 0.75, it is due for a technical rebound

Trading Strategy
Buy. Stop loss is at 0.745

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.