Tuesday, 21 Feb 2012 LCHEONG – Stock Pick

LCHEONG ( 7943 : 0.24 ) : Consolidation breakout
Description
Home furnishing
Resistance : 0.34 0.40
Support : 0.17
RSI of 72
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
Following the consolidation breakout, it is targeting 0.34. A stop loss should be placed at 0.17
Trading Strategy
Buy. Stop loss is at 0.17

Disclaimer
This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without
notice.