Tuesday, 29 May 2012

Stock Overview - BIMB - 30 May 2012


BIMB ( 5258 : 2.55 ) : Take profit

Description
 
Resistance :
2.62
Support : 2.50

RSI of 58
RSI is on the rise

STOCHASTIC
It is overbought

Comment
On our buy of 18/5/2012, we recommend taking profit as the overall technicals are now approaching overbought, and it has hit the 2.58 target

Trading Strategy
Take profit

Source:Jupiter Securities Research 30 May 2012

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