Wednesday, 4 Jan 2012 IGB – Stock Pick

IGB ( 1597 : 2.68 ) : Targeting 2.85-3.00
Description
Resistance : 2.85 3.00
Support : 2.58
RSI of 82
RSI is overbought
STOCHASTIC
It remains firm
TREND INDICATOR
Up
Comment
The current up trend is heading higher to 2.85-3.00
Trading Strategy
Buy. Stop loss is at 2.58

Disclaimer
This report is provided for information purposes only.

Tuesday, 13 Dec 2011. IGB – Stock Pick

IGB ( 1597 : 2.25 ) : Take profit
Description
Resistance : 2.31
Support : 2.14 2.18
RSI of 77
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
As the upkick has hit the upside target of 2.30 yesterday, the upside is limited, indicating a likely correction
Trading Strategy
Take profit