Wednesday, 2 May 2012 PENERGY – Stock Pick

PENERGY ( 5133 : 1.23 ) : Targeting 1.35/Stop loss 1.18

Description

Resistance : 1.35

Support : 1.18

RSI of 73
RSI is overbought

STOCHASTIC
It is overbought

Comment
Following the consolidation breakout yesterday, it is heading for 1.35


Trading Strategy
Buy. Stop loss 1.18


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.