Wednesday, 8 Aug 2012 FAVCO – Stock Pick

Wednesday, 8 Aug 2012 FAVCO – Stock Pick



FAVCO ( 7229 : 1.80 ) : Take profit

Description

Resistance : 1.82

Support : 1.68

RSI of 75
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 7/8/2012 buy call at 1.62, we are recommending to take profit as it is approaching overbought

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.