Thursday, 23 Aug 2012 BSTEAD – Stock Pick

Thursday, 23 Aug 2012 BSTEAD – Stock Pick



BSTEAD ( 2771 : 5.42 ) : Targeting 6.00/Stop loss 5.30

Description

Resistance : 6.00

Support : 5.30

RSI of 50
RSI is recovering

STOCHASTIC
It is oversold

Comment
It may have bottomed out at the recent low of 5.32. Upside is at 6.00

Trading Strategy
Buy. Stop loss is at 5.30

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.