Friday, 18 May 2012 MRCB – Stock Pick

Friday, 18 May 2012 MRCB – Stock Pick



MRCB ( 1651 : 1.58 ) : Targeting 1.82/Stop loss 1.46

Description

Resistance : 1.82 1.90

Support : 1.46

RSI of 32
RSI is on a positive divergence

STOCHASTIC
It is oversold

Comment
With oversold technicals, a technical rebound to target 1.82-1.90 is likely

Trading Strategy
Buy. Stop loss is at 1.46


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.