Wednesday, 20 July 2011. MUDA – Stock Pick--Technical rebound

MUDA ( 3883 : 1.15 ) : Technical rebound
Description
Resistance : 1.23 1.40
Support : 1.08
RSI of 64
RSI is recovering
STOCHASTIC
It is recovering
TREND INDICATOR.
Up
Comment
It stages a reversal, indicating a test on the overhead resistance of 1.23. If it manages to overcome 1.23,
then the next level will be at 1.40
Trading Strategy
Buy. Stop loss is at 1.08