Thursday, 17 May 2012 PARKSON – Stock Pick

Thursday, 17 May 2012 PARKSON – Stock Pick



PARKSON ( 5657 : 4.92 ) : Avoid


Description

Resistance : 5.06

Support : 4.30 4.70

RSI of 26
RSI is oversold


STOCHASTIC
It is oversold


Comment
As the longer term technicals are weakening, it is likely to be heading lower to 4.70


Trading Strategy
Avoid



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.