Tuesday 14 August 2012

Stock Overview - ALAM - 15 Aug 2012

ALAM ( 5115 : 0.56 ) : Targeting 0.63/Stop loss 0.53

Description

Resistance : 0.59 0.63
Support : 0.53

RSI of 56
RSI is on the rise

STOCHASTIC
It is in an upswing

Comment
Following the breakout, it is retesting the Double top of 0.57. Resistance is at 0.63

Trading Strategy
Buy. Stop loss is at 0.53

Source:Jupiter Securities Research 15 August 2012

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