Friday, 22 June 2012 MAYBULK – Stock Pick

Friday, 22 June 2012 MAYBULK – Stock Pick




MAYBULK ( 5077 : 1.58 ) : Buy below 1.55/Stop loss 1.52

Description

Resistance : 1.76 1.84

Support : 1.55

RSI of 58
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
A pullback to 1.55 is likely before heading to retest the previous high of 1.84

Trading Strategy
Buy below 1.55. Stop loss is at 1.52

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.