Thursday 26 July 2012

Stock Overview - MKLAND - 27 July 2012


MKLAND ( 8893 : 0.39 ) : Take profit

Description

Resistance : 0.41
Support : 0.37

RSI of 79
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 23/7/2012 buy call at 0.34, we are recommending to take profit as the upside is expected to be limited due to the overbought level

Trading Strategy
Take profit

Source:Jupiter Securities Research 27 July 2012

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