Thursday, 4 October 2012

Stock Overview - GENM - 4 Oct 2012

GENM ( 4715 : 3.72 ) : Take profit

Description

Resistance : 3.80
Support : 3.54

RSI of 61
RSI appears to have stalled

STOCHASTIC
It is overbought, indicating a pullback

Comment
On the buy of 2/10/2012, we are recommending to take profit, as tehnicals are approaching overbought indicating a likely pullback

Trading Strategy
Take profit

Source:Jupiter Securities Research 4 October 2012

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