Thursday, 11 October 2012

Stock Overview - RSAWIT- 12 Oct 2012

RSAWIT ( 5113 : 0.93 ) : Targeting 0.98/Stop loss 0.91

Description

Resistance : 0.98
Support : 0.91

RSI of 32
RSI is oversold

STOCHASTIC
It is oversold

Comment
The recent sell down may have ended at 0.905. A technical rebound, to ease the oversold level, is possible with the upside capped at 0.99

Trading Strategy
Buy. A tight stop loss at 0.91

Source:Jupiter Securities Research, 12 October 2012

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