Thursday 19 July 2012

Stock Overview - SBCCORP - 20 July 2012


SBCCORP ( 5207 : 1.06 ) : Take profit

Description

Resistance : 1.08
Support : 0.98

RSI of 74
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 30/5/2012 buy call at 0.93, we are recommending to take profit as it has hit the 1.06 target, and it is overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research 20 July 2012

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