Tuesday, 31 Jan 2012 KENCANA – Stock Pick

KENCANA ( 5122 : 3.10 ) : Stop loss 2.96
Description
Support services for oil and gas
Resistance : 3.30 3.60
Support : 2.96
RSI of 71
RSI is overbought
STOCHASTIC
It is on an upswing
TREND INDICATOR
Sideways
Comment
The strong upkick yesterday, is heading for 3.30, and possibly 3.60. A tight stop loss should be placed at
2.96
Trading Strategy
Buy. Stop loss is at 2.96

Disclaimer
This report is provided for information purposes only.