Tuesday 28 August 2012

Stock Overview - SCOMI - 28 Aug 2012

SCOMI ( 7158 : 0.29 ) : Take profit

Description

Resistance : 0.31
Support : 0.26

RSI of 75
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy call of 23/8/2012 at 0.245, we are recommending to take profit as it is approaching overbought.

Trading Strategy
Take profit

Source:Jupiter Securities Research 28 August 2012

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