Monday, 30 April 2012 THPLANT – Stock Pick

THPLANT ( 5112 : 2.70 ) : Targeting 2.90/Stop loss 2.62

Description

CPO

Resistance : 2.85-2.90

Support : 2.63

RSI of 34
RSI has rebounded from its oversold level

STOCHASTIC
It is oversold

Comment
It has bottomed at the recent low of 2.63, which is a key support level. A technical rebound to 2.85-2.90 is
likely. A tight stop loss should be placed at 2.62


Trading Strategy
Buy. Stop loss is at 2.62


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.