Tuesday, 29 Nov 2011. MUIIND – Stock Pick

MUIIND ( 3891 : 0.26 ) : Targeting 0.34
Description
Resistance : 0.34
Support : 0.23 0.25
RSI of 79
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
The sharp upkick on Friday, is likely to spillover, for a 50% retracement of 0.34
Trading Strategy
Buy. Stop loss is at 0.23