Wednesday, 16 May 2012 AXIATA – Stock Pick

Wednesday, 16 May 2012 AXIATA – Stock Pick



AXIATA ( 6888 : 5.37 ) : Avoid/Double Top

Description

Resistance : 5.42

Support : 5.24

RSI of 53
RSI is weakening

STOCHASTIC
It is turning downwards

Comment
With the upside capped at the Double Top of 5.42, it is in for a pullback


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.