Stock Overview - WIJAYA - 30 Apr 2012

WIJAYA ( 4022 : 0.68 ) : Targeting 0.80/Stop loss 0.665

Description
Timber

Resistance : 0.80
Support : 0.67

RSI of 43
RSI is stabilising

STOCHASTIC
It is oversold

Comment
While it is hovering at a good support of 0.675, it is not expected to breach the 0.675 support, due to oversold technicals. A rebound is likely to test the 61.8% retracement of 0.80. A tight stop loss should be placed at 0.665

Trading Strategy
Buy. Stop loss is at 0.665

Source:Jupiter Securities Research 30 April 2012