Tuesday, 19 July 2011. PENERGY – Stock Pick-Breakout

PENERGY ( 5133 : 1.56 ) : Breakout
Description
Oil & Gas
Resistance : 1.72 1.78
Support : 1.54
RSI of 65
RSI is on a rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Following the breakout yesterday, it is heading higher to 1.72
Trading Strategy
Buy. Stop loss is at 1.52