Tuesday, 15 May 2012 DAYA – Stock Pick

Tuesday, 15 May 2012 DAYA – Stock Pick



DAYA ( 0091 : 0.21 ) : Targeting 0.28/Stop loss 0.18

Description

Oil and gas technical services

Resistance : 0.28

Support : 0.18

RSI of 52
RSI is steady

STOCHASTIC
It is oversold, and recovering

Comment
It may have bottomed out at the recent 0.185 low, which is the 61.8% retracement level. Downside is limited due to the oversold technicals

Trading Strategy
Buy. Stop loss is at 0.18

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.