Tuesday, 11 September 2012

Stock Overview - PERWAJA - 12 Sep 2012

PERWAJA ( 5146 : 0.595 ) : Targeting 0.66/Stop loss 0.575

Description

Resistance : 0.66
Support : 0.58

RSI of 41
RSI is on a positive buy divergence

STOCHASTIC
It is oversold, and due for a rebound

Comment
The downside is limited following the recent sell down. Technicals are in a positive divergence

Trading Strategy
Buy. Stop loss is at 0.575

Source:Jupiter Securities Research 12 September 2012

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