Tuesday 13 March 2012

Stock Overview - XDL - 14 Mar 2012

XDL ( 5156 : 0.40 ) : Stop loss 0.38

Description
Sporting goods manufacturer

Resistance : 0.445 0.52
Support : 0.38

RSI of 63
RSI is on the rise

STOCHASTIC
It is neutral

TREND INDICATOR
Comment
The upkick yesterday, is likely to breach the overhead resistance at 0.445. A tight stop loss should be placed at 0.38

Trading Strategy
Buy. Stop loss is at 0.38

Source:Jupiter Securities Research 14 March 2012

No comments:

Post a Comment