Stock Overview - PENERGY - 2 May 2012

PENERGY ( 5133 : 1.23 ) : Targeting 1.35/Stop loss 1.18

Description

Resistance : 1.35
Support : 1.18

RSI of 73
RSI is overbought

STOCHASTIC
It is overbought

Comment
Following the consolidation breakout yesterday, it is heading for 1.35

Trading Strategy
Buy. Stop loss 1.18

Source:Jupiter Securities Research 02 May 2012