Monday, 9 April 2012

Stock Overview - HWATAI - 9 Apr 2012

HWATAI ( 8478 : 0.57 ) : Stop loss raised to 0.55 / Sell around 0.62

Description
Biscuits

Resistance : 0.62 0.64
Support : 0.55

RSI of 57
RSI is on the rise

STOCHASTIC
It is riding on an up swing

TREND INDICATOR

Comment
On the buy recommendation of 29/3/2012, it has rebounded from the Double bottom of 0.505, and is heading for 0.62-0.64. Stop loss is raised to 0.55

Trading Strategy
Sell around 0.62. Stop loss is raised to 0.55

Source:Jupiter Securities Research 09 April 2012


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