Stock Overview - SMI - 29 May 2012

SMI ( 4375 : 0.27 ) : Avoid

Description

Resistance : 0.32
Support : 0.24

RSI of 72
RSI is overbought

STOCHASTIC
It is overbought

Comment
The recent sharp uprun has ended at the high of 0.32 yesterday. It is in for a correction, with support at 0.24

Trading Strategy
Avoid

Source:Jupiter Securities Research 29 May 2012