Sunday, 22 April 2012

Stock Overview - FAVCO - 23 Apr 2012

FAVCO ( 7229 : 1.53 ) : Target 1.80/Stop loss 1.44

Description
Cranes

Resistance : 1.80
Support : 1.44

RSI of 72
RSI is overbought

STOCHASTIC
It is on an upswing

TREND INDICATOR

Comment
The current upmove is heading for a retest of 1.80

Trading Strategy
Buy. Stop loss is at 1.44

Source:Jupiter Securities Research 23 April 2012

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