Wednesday, 11 July 2012 BURSA – Stock Pick

Wednesday, 11 July 2012 BURSA – Stock Pick



BURSA ( 1818 : 6.35 ) : Take profit

Description

Resistance : 6.39

Support : 6.18

RSI of 60
RSI is on the rise

STOCHASTIC
It is overbought

Comment
On the 4/6/2012 buy call at 6.05, we are recommending to take profit as it may have been capped at the
Double Top of 6.39

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.

Monday, 4 June 2012 BURSA – Stock Pick

Monday, 4 June 2012 BURSA – Stock Pick



BURSA ( 1818 : 6.05 ) : Targeting 6.40/Stop loss 5.85

Description

Resistance : 6.40 6.60

Support : 5.85

RSI of 28
RSI is on a positive divergence

STOCHASTIC
It is overbought

Comment
With oversold technicals, it is heading higher to 6.40, then 6.60

Trading Strategy
Buy. Stop loss is at 5.85

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.