Monday, 5 Nov 2012 ALAM – Stock Pick

ALAM ( 5115 : 0.73 ) : Targeting 0.86/Stop loss 0.71

Description

Resistance : 0.86
Support : 0.71

RSI of 75
RSI is overbought

STOCHASTIC
It is overbought

Comment
Following the consolidation breakout, it is heading for 0.86. A tight stop loss should be placed at 0.71

Trading Strategy
Buy. Tight stop loss is at 0.71

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.