Stock Overview - SMI - 5 June 2012

SMI ( 4375 : 0.21 ) : Buy below 0.20/Stop loss 0.185

Description

Resistance : 0.25
Support : 0.185

RSI of 43
RSI is neutral

STOCHASTIC
It is oversold, indicating a limited downside

Comment
The recent sharp correction from 0.32, may be ending soon, as technicals approaching oversold. A technical
rebound to 0.25 is likely

Trading Strategy
Buy below 0.20. Stop loss is at 0.185

Source:Jupiter Securities Research 05 June 2012