Thursday, 7 July 2011. MBSB – Stock Pick

MBSB ( 1171 : 1.45 ) : Double bottom
Description
Resistance : 1.58 1.66
Support : 1.32
RSI of 51
RSI spiked upwards
STOCHASTIC
It is on an early upswing
TREND INDICATOR.
Up
Comment
It is recovering from the Double Bottom of 1.32, to form a positive engulfing chart pattern. Upside is at 1.58,
and 1.66
Trading Strategy
Buy. Stop loss is at 1.32