Thursday, 26 July 2012 OLDTOWN – Stock Pick

Thursday, 26 July 2012 OLDTOWN – Stock Pick



OLDTOWN ( 5201 : 1.76 ) : Buy below 1.70

Description

Resistance : 2.05

Support : 1.65

RSI of 51
RSI is neutral

STOCHASTIC
It is oversold, indicating a limited downside

Comment
Following the current pullback from the recent high of 2.05, it is due for a rebound

Trading Strategy
Buy below 1.70. Stop loss is at 1.59

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.