Tuesday, 31 Jan 2012 CENBOND – Stock Pick

CENBOND ( 5195 : 0.51 ) : Consolidation breakout
Description
Resistance : 0.60 0.65
Support : 0.59
RSI of 61
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR
Down
Comment
Following the consolidation breakout yesterday, it is heading for the 61.8% retracement of 0.60. Resistance
is at the price gap of 0.65
Trading Strategy
Buy. Stop loss is at 0.47

Disclaimer
This report is provided for information purposes only. It