Tuesday, 17 April 2012 WTK – Stock Pick

WTK ( 4243 : 1.52 ) : Targeting 1.75-1.85/stop loss 1.45

Description

Timber

Resistance : 1.75 1.85

Support : 1.45

RSI of 63
RSI is recovering


STOCHASTIC
It remains firm


TREND INDICATOR
Comment
It is on a technical rebound to target the 61.8% of 1.75. Resistance is expected in the region of 1.85.


Trading Strategy
Buy. Stop loss is at 1.75


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.