Stock Overview - WEIDA - 18 July 2012

WEIDA ( 7111 : 1.42 ) : Take profit

Description

Resistance : 1.49
Support : 1.29

RSI of 77
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 16/7/2012 buy call at 1.26, we are recommending to take profit as it overbought and hit our target of 1.44

Trading Strategy
Take profit

Source:Jupiter Securities Research 18 July 2012