Stock Overview - PARAMON - 22 June 2012

PARAMON ( 1724 : 1.78 ) : Targeting 2.00/Stop loss 1.70

Description

Resistance : 1.90 2.00
Support : 1.70

RSI of 74
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
Following the consolidation breakout yesterday, it is heading for the 61.8% retracement of 2.00

Trading Strategy
Buy. Stop loss is at 1.70

Source:Jupiter Securities Research 22 June 2012