Stock Overview - MRCB- 18 May 2012

MRCB ( 1651 : 1.58 ) : Targeting 1.82/Stop loss 1.46

Description

Resistance : 1.82 1.90
Support : 1.46

RSI of 32
RSI is on a positive divergence

STOCHASTIC
It is oversold

Comment
With oversold technicals, a technical rebound to target 1.82-1.90 is likely

Trading Strategy
Buy. Stop loss is at 1.46

Source: Jupiter Securities Research 18 May 2012