Monday 27 February 2012

Stock Overview - PENERGY - 28 Feb 2012

PENERGY ( 5133 : 1.24 ) : Targeting 1.45

Description
Oil and gas

Resistance : 1.45 1.57
Support : 1.17

RSI of 75
RSI is overbought

STOCHASTIC
It is on an upswing

TREND INDICATOR
Up

Comment
The recent sharp upkicks point to further upward push to 1.45, and possibly 1.57. A tight stop loss should be placed at 1.17

Trading Strategy
Buy. Stop loss is at 1.17

Source:Jupiter Securities Research 28 February 2012

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