Tuesday 7 August 2012

Stock Overview - MBFHLDG - 8 Aug 2012

MBFHLDG ( 1236 : 1.13 ) : Take profit

Description

Resistance : 1.16
Support : 1.08

RSI of 65
RSI is slightly positive

STOCHASTIC
It is approaching overbought

Comment
On the 16/7/2012 buy call at 1.04, we are recommending to take profit as it is approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research 08 August 2012

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