Stock Overview - MUHIBAH - 28 June 2012

MUHIBAH ( 5703 : 1.02 ) : Targeting 1.27/Stop loss 0.94

Description

Resistance : 1.15 1.27
Support : 0.95 1.01

RSI of 27
RSI is oversold

STOCHASTIC
It is oversold

Comment
On the 14/6/2012 buy call, we are lowering the stop loss to 0.94, from 1.18. As technicals are oversold, and the downside is limited to 1.01 - 0.95, a technical rebound to 1.15 is likely. The 50% retracement is at 1.27

Trading Strategy
Buy. Stop loss is at 0.94

Source:Jupiter Securities Research 28 June 2012