Monday 26 March 2012

Stock Overview -SILKHLD - 27 Mac 2012

SILKHLD ( 5078 : 0.415 ) : Technical rebound

Description
Toll highway

Resistance : 0.48 0.50
Support : 0.40

RSI of 52
RSI is neutral

STOCHASTIC
It is on an early upturn

TREND INDICATOR
Comment
The recent sell down from 0.53 may have ended at 0.41, as technicals approach oversold. A technical rebound should target 0.48-0.50. Stop loss is at 0.40

Trading Strategy
Buy. Stop loss is at 0.40

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