Thursday, 3 May 2012 BIMB – Stock Pick

BIMB ( 5258 : 2.67 ) : Targeting 2.94/Stop loss 2.54

Description

Resistance : 2.94 3.30

Support : 2.54

RSI of 74
RSI is overbought


STOCHASTIC
It is riding on an upswing


Comment
The past 2 days of strong upkick, indicate further upward push to test a price gap at 2.94


Trading Strategy
Buy. Stop loss is at 2.54


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.