Wednesday, 18 April 2012 NAGAMAS – Stock Pick

NAGAMAS ( 8923 : 0.65 ) : Targeting 0.72/stop loss 0.62

Description

Industrial gases, chemicals

Resistance : 0.72 0.765

Support : 0.62

RSI of 49
RSI is recovering

STOCHASTIC
It is recovering

TREND INDICATOR
Comment
It is on a technical rebound to target the 61.8% of 0.72. Resistance is expected at the Double top of 0.765.


Trading Strategy
Buy. Stop loss is at 0.62



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.