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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