Sunday, 6 May 2012

Stock Overview - TA - 7 May 2012


TA ( 4898 : 0.57 ) : Targeting 0.72/Stop loss 0.55

Description

Resistance : 0.72
Support : 0.555

RSI of 43
RSI is on a positive divergence

STOCHASTIC
It is oversold

Comment
It has bottomed out at the support line of 0.555. A technical rebound to test the previous high of 0.67, and
possibly 0.72, is likely

Trading Strategy
Buy. Stop loss is at 0.55

Source:Jupiter Securities Research 7 May 2012


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