Friday, 1 July 2011. PERWAJA – Stock Pick

PERWAJA ( 5146 : 0.90 ) : Sell into rallies
Description
Resistance : 0.94 0.99
Support : 0.84
RSI of 68
RSI is approaching overbought
STOCHASTIC
It is approaching overbought
TREND INDICATOR.
Up
Comment
The sharp upkick yesterday, has started to attract profit taking, indicating that as it moves higher, it will
encounter resistance.
Trading Strategy
Sell into rallies.