Thursday, 30 Aug 2012 MBSB – Stock Pick

Thursday, 30 Aug 2012 MBSB – Stock Pick


MBSB ( 1171 : 2.34 ) : Targeting 2.64/Stop loss 2.28

Description

Resistance : 2.64

Support : 2.28

RSI of 40
RSI is recovering

STOCHASTIC
It is approaching oversold

Comment
The recent sell down from 2.54 may have bottomed out at the low of 2.29, indicating a likely technical
rebound

Trading Strategy
Buy. Stop loss is at 2.28

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.