Friday, 8 June 2012 FITTERS – Stock Pick

Friday, 8 June 2012 FITTERS – Stock Pick



FITTERS ( 9318 : 0.72 ) : Targeting 0.85/Stop loss 0.69

Description

Resistance : 0.85

Support : 0.70

RSI of 53
RSI is recovering

STOCHASTIC
It is oversold

Comment
The recent correction has ended at the Double bottom of 0.68. It is in for a technical rebound to target 0.85

Trading Strategy
Buy. Stop loss is at 0.69

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.