Stock Overview - UMW - 15 June 2012

UMW ( 4588 : 8.40 ) : Take profit

Description

Resistance : 8.50
Support : 8.22

RSI of 78
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 7/6/2012 buy at 8.08, it has hit the target of 8.40. As technicals are overbought, we are calling to take profit

Trading Strategy
Take profit

Source:Jupiter Securities Research 15 June 2012