Wednesday, 23 May 2012 CRESBLD – Stock Pick

Wednesday, 23 May 2012 CRESBLD – Stock Pick



CRESBLD ( 8591 : 1.08 ) : Targeting 1.30/Stop loss 1.04


Description

Resistance : 1.30

Support : 1.05

RSI of 70
RSI is overbought

STOCHASTIC
It is overbought

Comment
The current upmove is heading for 1.30


Trading Strategy
Buy. Stop loss is at 1.04


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, 7 May 2012 CRESBLD – Stock Pick

CRESBLD ( 8591 : 1.10 ) : Take profit

Description

Resistance : 1.13

Support : 0.92 1.02

RSI of 88
RSI is overbought

STOCHASTIC
It is overbought

Comment
On our buy recommendation of 2/5/2012, it has hit the target of 1.01. As technicals have turned overbought,
and the trading range smaller, we recommend taking profit


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.

Wednesday, 2 May 2012 CRESBLD – Stock Pick

CRESBLD ( 8591 : 0.87 ) : Targeting 1.01/Stop loss 0.81

Description

Home builder

Resistance : 0.92 1.01

Support : 0.81

RSI of 68
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
Following the consolidation breakout yesterday, it is targeting 0.92, then 1.01.

Trading Strategy
Buy. Stop loss 0.81


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.