Friday, 8 July 2011. BOLTON – Stock Pick

BOLTON ( 1538 : 1.12 ) : Buy lower at 1.06
Description
Resistance : 1.15 1.26
Support : 1.04
RSI of 73
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR.
Up
Comment
As it may have hit a resistance at 1.15, a small pullback is likely, before resuming its upward push
Trading Strategy
Buy lower around 1.06. Stop loss is at 1.00