Thursday, 21 June 2012 CANONE – Stock Pick

Thursday, 21 June 2012 CANONE – Stock Pick



CANONE ( 5105 : 2.26 ) : Take profit

Description

Resistance : 2.42

Support : 2.25

RSI of 74
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 15/5/2012 buy at 2.10, we are recommending to take profit at 2.34, as it is approaching overbought
indicating a limited upside

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.

Tuesday, 15 May 2012 CANONE – Stock Pick

Tuesday, 15 May 2012 CANONE – Stock Pick



CANONE ( 5105 : 2.10 ) : Targeting 2.42/Stop loss 2.00

Description

Resistance : 2.42

Support : 2.00

RSI of 60
RSI is on the rise

STOCHASTIC
It has turned upwards

Comment
It is expected to breakout of its consolidation, to target 2.42


Trading Strategy
Buy. Stop loss is at 2.00



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.