Thursday 23 August 2012

Stock Overview - ILB - 24 Aug 2012

ILB ( 5614 : 0.94 ) : Targeting 1.05/Stop loss 0.90

Description

Resistance : 1.05
Support : 0.90

RSI of 65
RSI remains firm

STOCHASTIC
It is on an upswing

Comment
The current recovery is heading for 1.05. A tight stop loss should be placed at 0.90

Trading Strategy
Buy. Stop loss is at 0.90

Source:Jupiter Securities Research 24 August 2012

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