Thursday, 29 Dec 2011. PROTON – Stock Pick

ROTON ( 5304 : 4.78 ) : Stop loss 4.60
Description
Resistance : 5.03 5.27
Support : 4.60
RSI of 72
RSI is overbought
STOCHASTIC
It remains firm
TREND INDICATOR
Down
Comment
While it is approaching our earlier call of 5.00, a move above 5.03, is likely to hit 5.27
Trading Strategy
Buy. Stop loss is raised to 4.60

Disclaimer
This report is provided for information purposes only.