Tuesday 14 August 2012

Stock Overview - UOADEV - 15 Aug 2012

UOADEV ( 5200 : 1.78 ) : Take profit

Description

Resistance : 1.88
Support : 1.72

RSI of 58
RSI is in a sell divergence

STOCHASTIC
It is overbought

Comment
On the 3/8/2012 buy call at 1.69, we are recommending to take profit as it is overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research 15 August 2012

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