Wednesday, 16 May 2012 RSAWIT – Stock Pick

Wednesday, 16 May 2012 RSAWIT – Stock Pick



RSAWIT ( 5113 : 1.03 ) : Sell/Resistance 1.07

Description

Resistance : 1.07

Support : 0.84 0.93

RSI of 33
RSI remains weak

STOCHASTIC
It is riding on a downswing

Comment
The current correction from 1.22 high is not over yet. With resistance at 1.07, it is likely to drift down to 0.93


Trading Strategy
Sell


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.