Thursday, 12 July 2012 E and O – Stock Pick

Thursday, 12 July 2012 E&O – Stock Pick



E&O ( 3417 : 1.56 ) : Take profit

Description

Resistance : 1.60

Support : 1.45

RSI of 66
RSI is on the rise

STOCHASTIC
It is overbought

Comment
On the 30/5/2012 buy call at 1.43, we are recommending to take profit as it has hit the target of 1.60

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.