Monday, 16 Jan 2012 TEBRAU – Stock Pick

TEBRAU ( 1589 : 0.73 ) : Consolidation breakout
Description
Resistance : 0.82
Support : 0.70
RSI of 57
RSI is on the rise
STOCHASTIC
It has turned upwards from its oversold level
TREND INDICATOR
Up
Comment
It staged a consolidation breakout Friday. This is a positive sign, as technicals have started to recover from
its oversold level. Upside is at 0.82
Trading Strategy
Buy. Stop loss is at 0.695


Disclaimer
This report is provided for information purposes only.