Wednesday, 12 September 2012

Stock Overview - RHBCAP - 13 Sep 2012

RHBCAP ( 1066 : 7.00 ) : Targeting 7.36/Stop loss 6.90

Description

Resistance : 7.36 7.50
Support : 6.90

RSI of 31
RSI is oversold

STOCHASTIC
It is oversold, and due for a rebound

Comment
It has bottomed at 6.90 following the recent sell down. Technicals are oversold

Trading Strategy
Buy. Stop loss is at 6.90

Source:Jupiter Securities Research 13 September 2012

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