HWGB ( 9601 : 0.405 ) : Stop loss 0.39
Description
Resistance : 0.46
Support : 0.395
RSI of 50
RSI is neutral, and appears to have stabilised
STOCHASTIC
It is oversold, and recovering
TREND INDICATOR
Comment
While it is hovering at a key support of 0.395, it is due for a technical rebound to 0.46 on the overall oversold technicals. A tight stop loss should be placed at 0.39
Trading Strategy
Buy. Stop loss is at 0.39
Source:Jupiter Securities Research 26 March 2012
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