Thursday, 4 Aug 2011. SCIB – Stock Pick

SCIB ( 9237 : 0.56 ) : Technical rebound
Description
Resistance : 0.70 0.74
Support : 0.50
RSI of 62
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Recently it has bottomed at 0.50, which is the 61.8% retracement. It is on a technical rebound to 0.70
Trading Strategy
Buy. Stop loss is at 0.50