Friday, 30 Dec 2011. MULPHA – Stock Pick

MULPHA ( 3905 : 0.39 ) : Consolidation breakout
Description
Resistance : 0.47
Support : 0.38
RSI of 60
RSI is rebounding
STOCHASTIC
It is neutral
TREND INDICATOR
Up
Comment
The consolidation breakout yesterday, indicates further upside. A tight stop loss should be placed at 0.38
Trading Strategy
Buy. Stop loss is at 0.38

Disclaimer
This report is provided for information purposes only.