Thursday, 6 Sep 2012 FAVCO – Stock Pick

Thursday, 6 Sep 2012 FAVCO – Stock Pick



FAVCO ( 7229 : 1.65 ) : Buy below 1.60

Description

Resistance : 1.84

Support : 1.56

RSI of 48
RSI is neutral

STOCHASTIC
It is approaching oversold, indicating a limited downside

Comment
With technicals oversold, it is due for a rebound

Trading Strategy
Buy below 1.60. Stop loss is at 1.55

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.