Stock Overview - KPS - 2 May 2012

KPS ( 5843 : 1.01 ) : Double bottom/Stop loss 0.98

Description
Construction

Resistance : 1.16 1.21
Support : 0.98

RSI of 41
RSI is on a positive divergence

STOCHASTIC
It is oversold

Comment
It is in for a technical rebound due to the Double bottom of 0.99, and a positive RSI divergence. A tight stop loss should be placed at 0.98

Trading Strategy
Buy. Stop loss 0.98

Source:Jupiter Securities Research 02 May 2012