Monday, 11 July 2011. SBCCORP – Stock Pick

SBCCORP ( 5207 : 1.09 ) : Tight Stop at 0.94
Description
Resistance : 1.17 1.31
Support : 0.94
RSI of 74
RSI is rising
STOCHASTIC
It is riding on an upswing
TREND INDICATOR.
Up
Comment
Following the recent consolidation breakout, there is further upside, possibly to 1.31. However, a tight stop
loss should be placed at 0.94
Trading Strategy
Buy. Stop loss is at 0.94