Wednesday 18 July 2012

Stock Overview - MAYBANK - 19 July 2012


MAYBANK ( 1155 : 8.77 ) : Take profit

Description

Resistance : 8.82
Support : 8.60

RSI of 55
RSI is neutral

STOCHASTIC
It is overbought

Comment
Since the 7/6/2012 buy at 8.70, it has gone very steady. As it currently appears to be capped at 8.82 and seems to be going no where, we are recommending to take profit at the current level

Trading Strategy
Take profit

Source:Jupiter Securities Research 19 July 2012

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