Wednesday, 30 May 2012 BIMB – Stock Pick

Wednesday, 30 May 2012 BIMB – Stock Pick



BIMB ( 5258 : 2.55 ) : Take profit

Description

Resistance : 2.62

Support : 2.50

RSI of 58
RSI is on the rise

STOCHASTIC
It is overbought

Comment
On our buy of 18/5/2012, we recommend taking profit as the overall technicals are now approaching
overbought, and it has hit the 2.58 target


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.

Friday, 18 May 2012 BIMB – Stock Pick

Friday, 18 May 2012 BIMB – Stock Pick



BIMB ( 5258 : 2.45 ) : Targeting 2.70/Stop loss 2.34

Description

Resistance : 2.70

Support : 2.34

RSI of 46
RSI is recovering

STOCHASTIC
It is on a small buy signal

Comment
With oversold technicals, a technical rebound to target 2.70 is likely

Trading Strategy
Buy. Stop loss is at 2.34

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.

Thursday, 3 May 2012 BIMB – Stock Pick

BIMB ( 5258 : 2.67 ) : Targeting 2.94/Stop loss 2.54

Description

Resistance : 2.94 3.30

Support : 2.54

RSI of 74
RSI is overbought


STOCHASTIC
It is riding on an upswing


Comment
The past 2 days of strong upkick, indicate further upward push to test a price gap at 2.94


Trading Strategy
Buy. Stop loss is at 2.54


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.