Thursday, 21 July 2011. MAYBANK – Stock Pick

MAYBANK ( 1155 : 8.85 ) : Technical rebound
Description
Resistance : 9.00 9.43
Support : 8.68
RSI of 47
RSI is on a spike up
STOCHASTIC
It is oversold
TREND INDICATOR.
Down
Comment
While technicals have turned positive, it needs to overcome the overhead resistance at 9.00
Trading Strategy
Buy if it manages to break above 9.00.