Monday 27 February 2012

Stock Overview - HWGB- 28 Feb 2012

HWGB ( 9601 : 0.40 ) : Rebounding

Description
Electrical components

Resistance : 0.44 0.54
Support : 0.38

RSI of 55
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. If it manages to breach 0.44, the next level will be 0.54. A tight stop loss should be placed at 0.38

Trading Strategy
Buy. Stop loss is at 0.38

Source:Jupiter Securities Research 28 February 2012

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