Monday, 30 April 2012 WIJAYA – Stock Pick

WIJAYA ( 4022 : 0.68 ) : Targeting 0.80/Stop loss 0.665

Description

Timber

Resistance : 0.80

Support : 0.67

RSI of 43
RSI is stabilising

STOCHASTIC
It is oversold

Comment
While it is hovering at a good support of 0.675, it is not expected to breach the 0.675 support, due to
oversold technicals. A rebound is likely to test the 61.8% retracement of 0.80. A tight stop loss should be
placed at 0.665

Trading Strategy
Buy. Stop loss is at 0.665

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.