Thursday, 13 September 2012

Stock Overview - ARMADA - 14 Sep 2012

ARMADA ( 5210 : 3.72 ) : Targeting 3.95/Stop loss 3.62

Description

Resistance : 3.95
Support : 3.62

RSI of 46
RSI is on a positive divergence

STOCHASTIC
It is oversold

Comment
Following the recent sell down, it is due for a technical rebound as technicals are oversold

Trading Strategy
Buy. Stop loss is at 3.62

Source:Jupiter Securities Research 14 September 2012

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