Wednesday, 25 April 2012 BSTEAD – Stock Pick

BSTEAD ( 2771 : 5.31 ) : Accumulate/Stop loss 5.10

Description

Resistance : 5.60

Support : 5.20

RSI of 39
RSI is oversold

STOCHASTIC
It is oversold

TREND INDICATOR
Comment
With oversold technicals, it is on a limited downside. It is worth accumulating for an upside of 5.60


Trading Strategy
Buy. Stop loss is at 5.10


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.