Thursday 9 August 2012

Stock Overview - BORNOIL - 9 Aug 2012

BORNOIL ( 7036 : 0.505 ) : Targeting 0.60/Stop loss 0.46

Description

Resistance : 0.60
Support : 0.48

RSI of 65
RSI is neutral

STOCHASTIC
It is on an upswing

Comment
The recent pullback from the Double Top of 0.56, may have ended at 0.48. Upside is at 0.60

Trading Strategy
Buy. Stop loss is at 0.48

Source:Jupiter Securities Research 10 August 2012

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