Wednesday, 23 Nov 2011. TEBRAU – Stock Pick

TEBRAU ( 1589 : 0.70 ) : Sell into rallies
Description
Resistance : 0.74
Support : 0.64 0.67
RSI of 48
RSI is weakening
STOCHASTIC
It is trending downwards
TREND INDICATOR
Down
Comment
While it may stage a small upkick, the upside is limited due to the overhead resistance around 0.74. It
remains in a corrective mode
Trading Strategy
Sell into rallies. Strong resistance is at 0.74