Monday, 14 May 2012 MEGB – Stock Pick

Monday, 14 May 2012 MEGB – Stock Pick

MEGB ( 5166 : 1.05 ) : Targeting 1.18/Stop loss 1.00

Description

Resistance : 1.18

Support : 1.02

RSI of 39

RSI is neutral

STOCHASTIC

It is neutral

Comment

With oversold technicals, it is due for a little bounce. Resistance is at 1.18

Trading Strategy

Buy. Stop loss is at 1.00

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.