Friday, 3 Feb 2012 MULPHA – Stock Pick

MULPHA ( 3905 : 0.42 ) : Upside 0.51
Description
Resistance : 0.51
Support : 0.40
RSI of 71
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
Following the recent consolidation breakout, it is likely to test the 50% retracement level of 0.51
Trading Strategy
Buy. Stop loss is at 0.40

Disclaimer
This report is provided for information purposes only.