Tuesday, 25 Sep 2012 SIME – Stock Pick

Tuesday, 25 Sep 2012 SIME – Stock Pick



SIME ( 4197 : 9.75 ) : Targeting 11.20/Stop loss 9.40
Description

Resistance : 11.20
Support : 9.40 9.60

RSI of 38
RSI is neutral

STOCHASTIC
It is neutral

Comment
The recent pullback from 10.00, has found a support at the 50% retracement of 9.60, with a stronger support
at 9.40. Overall, it is heading higher to 11.20

Trading Strategy
Buy. Stop loss is at 9.40

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.