Thursday, 9 Aug 2012 BORNOIL – Stock Pick

Thursday, 9 Aug 2012 BORNOIL – Stock Pick



BORNOIL ( 7036 : 0.505 ) : Targeting 0.60/Stop loss 0.46

Description

Resistance : 0.60

Support : 0.48

RSI of 65
RSI is neutral

STOCHASTIC
It is on an upswing

Comment
The recent pullback from the Double Top of 0.56, may have ended at 0.48. Upside is at 0.60

Trading Strategy
Buy. Stop loss is at 0.48

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.