GENM ( 4715 : 3.30 ) : Targeting 3.60/Stop loss 3.15
Description
Resistance : 3.60 3.72
Support : 3.15
RSI of 37
RSI is on a buy divergence
STOCHASTIC
It is oversold
Comment
The recent correction is nearing its end, indicating that it is due for a technical rebound on the RSI positive divergence
Trading Strategy
Buy. Stop loss is at 3.15
Source:Jupiter Securities Research 10 August 2012
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