Wednesday, 18 Jan 2012 MAYBULK – Stock Pick

MAYBULK ( 5077 : 2.18 ) : Tight stop loss 2.04
Description
Marine transportation services
Resistance : 2.25 2.40
Support : 2.04
RSI of 76
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
The current upmove is heading for 2.40. A tight stop loss should be placed at 2.04
Trading Strategy
Buy. Stop loss is at 2.04

Disclaimer
This report is provided for information purposes only.