PUNCAK ( 6807 : 1.51 ) : Technical rebound
Description
Resistance : 1.66 1.75
Support : 1.46
RSI of 57
RSI is on a sharp rise
STOCHASTIC
It is on an upswing
TREND INDICATOR
Comment
It is on a technical rebound, to target the 61.8% retracement level of 1.66. Suggest to take profit above 1.66
Trading Strategy
Buy. Stop loss is at 1.46 gap
Source:Jupiter Securities Research 20 March 2012
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