Tuesday, 13 Dec 2011. RHBCAP – Stock Pick

RHBCAP ( 1066 : 6.94 ) : Targeting 7.40
Description
Resistance : 7.40 8.00
Support : 6.60 6.80
RSI of 36
RSI has recovered from the 30 oversold level
STOCHASTIC
It is oversold
TREND INDICATOR
Down
Comment
It may have completed its correction at the low of 6.73, as technicals are approaching oversold
Trading Strategy
Buy. Stop loss is at 6.60