Monday, 16 July 2012 WEIDA – Stock Pick

Monday, 16 July 2012 WEIDA – Stock Pick



WEIDA ( 7111 : 1.26 ) : Targeting 1.44/Stop loss 1.20

Description

Resistance : 1.44

Support : 1.20

RSI of 79
RSI is overbought

STOCHASTIC
It is riding on an upswing

Comment
The upkick yesterday, is heading for 1.44

Trading Strategy
Buy. Stop loss is at 1.20


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.