Friday, 13 April 2012 VERSATL – Stock Pick

VERSATL ( 4995 : 0.32 ) : Targeting 0.38/stop loss 0.29

Description
Packaging products manufacturer

Resistance : 0.38

Support : 0.29

RSI of 41
RSI is starting to recover

STOCHASTIC
It is oversold

TREND INDICATOR
Comment
With oversold technicals, it is in for a rebound to 0.38. Suggest to buy at current level, and sell at 0.38. A
tight stop loss should be placed at 0.29

Trading Strategy
Buy. Stop loss is at 0.29


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.