Thursday, 13 Sep 2012 RHBCAP – Stock Pick

Thursday, 13 Sep 2012 RHBCAP – Stock Pick



RHBCAP ( 1066 : 7.00 ) : Targeting 7.36/Stop loss 6.90
Description

Resistance : 7.36 7.50

Support : 6.90

RSI of 31
RSI is oversold

STOCHASTIC
It is oversold, and due for a rebound

Comment
It has bottomed at 6.90 following the recent sell down. Technicals are oversold

Trading Strategy
Buy. Stop loss is at 6.90

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.