Tuesday, 26 June 2012 FAVCO – Stock Pick

Tuesday, 26 June 2012 FAVCO – Stock Pick



FAVCO ( 7229 : 1.62 ) : Take profit

Description

Resistance : 1.65

Support : 1.58

RSI of 71
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 13/6/2012 buy call at 1.43, we are recommending to take profit as technicals approaching
overbought


Trading Strategy
Take profit

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.