Monday, 23 April 2012 FAVCO – Stock Pick

FAVCO ( 7229 : 1.53 ) : Target 1.80/Stop loss 1.44

Description

Cranes

Resistance : 1.80

Support : 1.44

RSI of 72
RSI is overbought

STOCHASTIC
It is on an upswing

TREND INDICATOR
Comment
The current upmove is heading for a retest of 1.80


Trading Strategy
Buy. Stop loss is at 1.44


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.