Tuesday, 17 Jan 2012 KIANJOO – Stock Pick

KIANJOO ( 3522 : 2.24 ) : Targeting 2.37
Description
Resistance : 2.28 2.37
Support : 2.10
RSI of 66
RSI is recovering from its oversold position
STOCHASTIC
It has turned upwards from its oversold level
TREND INDICATOR
Sideways
Comment
While it is capped at the Double Top of 2.28, it is likely to overcome the 2.28 resistance due to the positive
technicals. Upside is at 2.37
Trading Strategy
Buy. Stop loss is at 2.10


Disclaimer
This report is provided for information purposes only.