FAVCO ( 7229 : 1.43 ) : Targeting 1.60/Stop loss 1.35
Description
Resistance : 1.51 1.60
Support : 1.39
RSI of 54
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The technical rebound is targeting 1.51, then 1.60
Trading Strategy
Buy. Stop loss is at 1.35
Source:Jupiter Securities Research 13 June 2012
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