Wednesday, 30 Nov 2011. PROTON – Stock Pick

PROTON ( 5304 : 3.09 ) : Targeting 3.34
Description
Resistance : 3.34 3.79
Support : 3.00
RSI of 59
RSI is neutral
STOCHASTIC
It is neutral
TREND INDICATOR
Down
Comment
It has bottomed out at the recent low of 2.93, and is heading for 3.34
Trading Strategy
Buy. Stop loss is at 3.00

Monday, 21 Nov 2011. PROTON – Stock Pick

PROTON ( 5304 : 3.31 ) : Take profit
Description
Resistance : 3.52
Support : 2.97 3.10
RSI of 72
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
The recent sharp uprun is likely to encounter a strong resistance of 3.52. With overbought technicals, a
pullback is likely
Trading Strategy
Take profit