Sunday 29 July 2012

Stock Overview - MRCB - 30 July 2012

MRCB ( 1651 : 1.73 ) : Targeting 2.00/Stop loss 1.66

Description

Resistance : 1.90 2.00
Support : 1.66

RSI of 44
RSI is neutral

STOCHASTIC
It is oversold, indicating a limited downside

Comment
It is due for a technical rebound on its oversold technicals

Trading Strategy
Buy. Stop loss is at 1.66

Source:Jupiter Securities Research 30 July 2012

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