Friday, 14 Sep 2012 ARMADA – Stock Pick

Friday, 14 Sep 2012 ARMADA – Stock Pick



ARMADA ( 5210 : 3.72 ) : Targeting 3.95/Stop loss 3.62
Description

Resistance : 3.95
Support : 3.62

RSI of 46
RSI is on a positive divergence

STOCHASTIC
It is oversold

Comment
Following the recent sell down, it is due for a technical rebound as technicals are oversold

Trading Strategy
Buy. Stop loss is at 3.62

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.