Thursday, 19 April 2012 ASUPREM – Stock Pick

ASUPREM ( 7070 : 0.25 ) : Targeting 0.31/stop loss 0.22

Description

Resistance : 0.31 0.37

Support : 0.23

RSI of 77
RSI is likely to stay overbought for a while

STOCHASTIC
It is riding on an upswing

TREND INDICATOR
Comment
Following the consolidation breakout, it is heading for 0.31, and possibly 0.37


Trading Strategy
Buy. Stop loss is at 0.22



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.