Wednesday, 18 Jan 2012 E&O – Stock Pick

E&O ( 3417 : 1.46 ) : Positive Head & Shoulder
Description
Resistance : 1.65 1.70
Support : 1.37
RSI of 63
RSI is recovering from its oversold position
STOCHASTIC
It has turned upwards from its oversold level
TREND INDICATOR
Sideways
Comment
It appears to be developing into a positive inverted Head & Shoulder, which will target 1.70
Trading Strategy
Buy. Stop loss is at 1.37

Disclaimer
This report is provided for information purposes only.