Thursday, 4 Aug 2011. AMEDIA – Stock Pick

AMEDIA ( 0159 : 0.30 ) : Targeting 0.38
Description
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Resistance : 0.38
Support : 0.26
RSI of 58
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Recently it has bottomed at 0.26, which is the 61.8% retracement. The current rebound is targeting 0.38
Trading Strategy
Buy. Stop loss is at 0.26