Monday, 7 May 2012 TA – Stock Pick

TA ( 4898 : 0.57 ) : Targeting 0.72/Stop loss 0.55

Description

Resistance : 0.72

Support : 0.555

RSI of 43
RSI is on a positive divergence

STOCHASTIC
It is oversold

Comment
It has bottomed out at the support line of 0.555. A technical rebound to test the previous high of 0.67, and
possibly 0.72, is likely


Trading Strategy
Buy. Stop loss is at 0.55


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.