Thursday 23 August 2012

Stock Overview - TM - 24 Aug 2012

TM ( 4863 : 5.98 ) : Take profit

Description

Resistance : 6.00
Support : 5.90

RSI of 70
RSI is overbought

STOCHASTIC

It is overbought

Comment
On the buy call of 6/8/2012 at 5.74, we are recommending to take profit as it has hit the 6.00 target. And it appears to have been capped at the Double Top of 6.00

Trading Strategy
Take profit

Source:Jupiter Securities Research 24 August 2012

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