Wednesday, 3 Oct 2012 MEGB – Stock Pick

Wednesday, 3 Oct 2012 MEGB – Stock Pick


MEGB ( 5166 : 0.61 ) : Targeting 0.67/Stop loss 0.59

Description

Resistance : 0.67
Support : 0.59

RSI of 32
RSI is recovering

STOCHASTIC
It is oversold

Comment
The recent sell down has ended at 0.585. With oversold technicals, it is due for a technical rebound

Trading Strategy
Buy: Stop loss is at 0.59

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.