Tuesday, 5 June 2012 SMI – Stock Pick

Tuesday, 5 June 2012 SMI – Stock Pick



SMI ( 4375 : 0.21 ) : Buy below 0.20/Stop loss 0.185

Description

Resistance : 0.25

Support : 0.185

RSI of 43
RSI is neutral

STOCHASTIC
It is oversold, indicating a limited downside

Comment
The recent sharp correction from 0.32, may be ending soon, as technicals approaching oversold. A technical
rebound to 0.25 is likely

Trading Strategy
Buy below 0.20. Stop loss is at 0.185

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.