Thursday, 24 Nov 2011. MBFHLDG – Stock Pick

MBFHLDG ( 1236 : 0.96 ) : Targeting 1.01
Description
Resistance : 1.01 1.17
Support : 0.91
RSI of 72
RSI is overbought
STOCHASTIC
It is on an upswing
TREND INDICATOR
Small upturn
Comment
The strong upkick yesterday, is likely to spillover, to target 1.01. Resistance is at 1.17. A tight stop loss
should be placed at 0.91
Trading Strategy
Buy. Stop loss is at 0.91