Monday, 21 May 2012 MISC – Stock Pick

Monday, 21 May 2012 MISC – Stock Pick



MISC ( 3816 : 4.23 ) : Targeting 4.60/Stop loss 4.00

Description

Resistance : 4.60

Support : 4.05

RSI of 26
RSI is recovering

STOCHASTIC
It is oversold

Comment
The multi year correction from the 10.00 high is likely to have ended at the recent low of 3.92, which marks
the 61.8% retracement.

Trading Strategy
Buy. Stop loss is at 4.00

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.