WTK ( 4243 : 1.49 ) : Consolidation breakout
Description
Timber
Resistance : 1.75
Support : 1.40
RSI of 70
RSI is overbought
STOCHASTIC
It is on an upswing
TREND INDICATOR
Comment
Following the consolidation breakout, it is heading for the 61.8% retracement of 1.75
Trading Strategy
Buy. Stop loss is at 1.40
Source:Jupiter Securities Research 28 March 2012
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