Sunday 26 February 2012

NICORP - 27 Feb 2012

NICORP ( 4464 : 0.52 ) : Targeting 0.61

Description

Property and timber

Resistance : 0.61 0.66
Support : 0.46

RSI of 65
RSI is on the rise

STOCHASTIC
It has just turned upwards

TREND INDICATOR
Down

Comment
The upkick Friday, is targeting 0.61, and possibly 0.66. A tight stop loss should be placed at 0.46

Trading Strategy
Buy. Stop loss is at 0.46

Source:Jupiter Securities Research

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