Stock Overview - MRCB - 25 Apr 2012

MRCB ( 1651 : 1.70 ) : Accumulate/Stop loss 1.56

Description

Resistance : 2.03
Support : 1.62

RSI of 28
RSI is oversold

STOCHASTIC
It is oversold

TREND INDICATOR

Comment
It is attractive as it has corrected 75%, from the recent high of 2.27. And the oversold technicals indicate a
limited downside. At the current level, it is worth to accumulate

Trading Strategy
Buy. Stop loss is at 1.56

 Source:Jupiter Securities Research 25 April 2012