Tuesday, 2 October 2012

Stock Overview - MEGB - 3 Oct 2012

MEGB ( 5166 : 0.61 ) : Targeting 0.67/Stop loss 0.59

Description

Resistance : 0.67
Support : 0.59

RSI of 32
RSI is recovering

STOCHASTIC
It is oversold

Comment
The recent sell down has ended at 0.585. With oversold technicals, it is due for a technical rebound

Trading Strategy
Buy: Stop loss is at 0.59

Source:Jupiter Securities Research, 03 October 2012

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