Wednesday 22 August 2012

Stock Overview - BSTEAD - 23 Aug 2012

BSTEAD ( 2771 : 5.42 ) : Targeting 6.00/Stop loss 5.30

Description

Resistance : 6.00
Support : 5.30

RSI of 50
RSI is recovering

STOCHASTIC
It is oversold

Comment
It may have bottomed out at the recent low of 5.32. Upside is at 6.00

Trading Strategy
Buy. Stop loss is at 5.30

Source:Jupiter Securities Research 23 August 2012

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