TA – Stock Pick

Friday, 18 Nov 2011. TA – Stock Pick


TA ( 4898 : 0.62 ) : Targeting 0.72
Description
Resistance : 0.72
Support : 0.59
RSI of 62
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR
Sideways
Comment
Following the consolidation breakout at 0.60, it is heading for the 61.8% retracement of 0.72
Trading Strategy
Buy for 0.72. Tight stop loss at 0.59