Monday, 16 Jan 2012 CANONE – Stock Pick

CANONE ( 5105 : 1.88 ) : Take profit
Description
Resistance : 2.05
Support : 1.63 1.80
RSI of 81
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
While the current run up may retest the high of 2.05, the upside is limited due to the overbought condition
Trading Strategy
Take profit


Disclaimer
This report is provided for information purposes only.