Stock Overview - PARKSON- 17 May 2012

PARKSON ( 5657 : 4.92 ) : Avoid

Description

Resistance : 5.06
Support : 4.30 4.70

RSI of 26
RSI is oversold

STOCHASTIC
It is oversold

Comment
As the longer term technicals are weakening, it is likely to be heading lower to 4.70

Trading Strategy
Avoid

Source:Jupiter Securities Research 17 May 2012