Tuesday, 19 July 2011. SPSETIA – Stock Pick

SPSETIA ( 8664 : 3.80 ) : Capped at 3.96
Description
Resistance : 3.96
Support : 3.67
RSI of 19
RSI is oversold
STOCHASTIC
It is oversold
TREND INDICATOR.
Down
Comment
While the oversold levels indicate a likely technical rebound, the upside is limited and capped at a resistance
of 3.96. Following the downside breach of 4.01, lower support is at 3.67, and 3.51
Trading Strategy
Avoid. Upside is capped at 3.96