Tuesday 14 August 2012

Stock Overview - GTRONIC - 15 Aug 2012

GTRONIC ( 7022 : 1.59 ) : Take profit

Description

Resistance : 1.64
Support : 1.50

RSI of 71
RSI is on a negative divergence

STOCHASTIC
It is overbought

Comment
On the 25/7/2012 buy call at 1.38, we are recommending to take profit as technicals are approaching sell divergence

Trading Strategy
Take profit

Source:Jupiter Securities Research 15 August 2012

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