Monday, 16 April 2012 AWC – Stock Pick

AWC ( 7579 : 0.31 ) : Targeting 0.40/stop loss 0.28

Description

Engineering consultancy

Resistance : 0.34 0.40

Support : 0.28

RSI of 72
RSI is overbought


STOCHASTIC
It remains firm


TREND INDICATOR
Comment
Following the consolidation breakout, it is heading for 0.40. A small pullback to 0.30 is possible, before
pushing for 0.40.


Trading Strategy
Buy. Stop loss is at 0.28



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.