Monday, 1 Aug 2011. MRCB – Stock Pick

MRCB ( 1651 : 2.55 ) : Triangle breakout
Description
Resistance : 2.63 2.82
Support : 2.42
RSI of 71
RSI is to stay overbought for awhile longer
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Following the Triangle breakout at 2.35, it is heading higher to 2.63
Trading Strategy
Buy. Stop loss is at 2.42