Wednesday, 25 April 2012 MRCB – Stock Pick

MRCB ( 1651 : 1.70 ) : Accumulate/Stop loss 1.56

Description

Resistance : 2.03

Support : 1.62

RSI of 28
RSI is oversold


STOCHASTIC
It is oversold


TREND INDICATOR
Comment
It is attractive as it has corrected 75%, from the recent high of 2.27. And the oversold technicals indicate a
limited downside. At the current level, it is worth to accumulate


Trading Strategy
Buy. Stop loss is at 1.56


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.