Thursday 8 March 2012

Stock Overview - NICORP - 9 Mac 2012

NICORP ( 4464 : 0.63 ) : Buy below 0.60

Description
Property and logging

Resistance : 0.75
Support : 0.56 0.60

RSI of 68
RSI is overbought

STOCHASTIC
It is turning down

TREND INDICATOR

Comment
Following the recent consolidation breakout, it is heading for 0.75. A pullback to 0.60 is likely, due to the overbought Stochastic

Trading Strategy
Buy below 0.60. Stop loss is at 0.56

Source:Jupiter Securities Research 9 March 2012

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