Friday, 29 July 2011. PJBUMI – Stock Pick

PJBUMI ( 7163 : 0.31 ) : Breakout
Description
Waste disposal
Resistance : 0.42 0.45
Support : 0.27
RSI of 79
RSI is to stay overbought for a while longer
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
The current recovery from the Double bottom of 0.18, followed by the breach of the neckline at 0.30, is
targeting 0.42.
Trading Strategy
Buy below 0.29. Stop loss is at 0.26