Wednesday, 2 May 2012 KPS – Stock Pick

KPS ( 5843 : 1.01 ) : Double bottom/Stop loss 0.98

Description

Construction

Resistance : 1.16 1.21

Support : 0.98

RSI of 41
RSI is on a positive divergence

STOCHASTIC
It is oversold

Comment
It is in for a technical rebound due to the Double bottom of 0.99, and a positive RSI divergence. A tight stop
loss should be placed at 0.98


Trading Strategy
Buy. Stop loss 0.98


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.