HARVEST ( 9342 : 1.23 ) : Rebounding
Description
Resistance : 1.47
Support : 1.00 1.12
RSI of 54
RSI is recovering
STOCHASTIC
It has started to turn upwards
TREND INDICATOR
Sideways
Comment
The recent recovery from its oversold position, indicates that it has bottomed out. While a small pullback to 1.12 is possible, it is likely to be heading up to 1.47. A tight stop loss should be placed at 1.00
Trading Strategy
Buy. Stop loss is at 1.00
Source:Jupiter Securities Research 28 February 2012
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