Monday, 6 Aug 2012 and G – Stock Pick

Monday, 6 Aug 2012 L&G – Stock Pick



L&G ( 3174 : 0.49 ) : Take profit


Description

Resistance : 0.54

Support : 0.45

RSI of 79
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 19/7/2012 buy call at 0.42, we are recommending to take profit as it has hit the 0.49 target

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.