Tuesday 27 November 2012

Stock Overview - AXIATA - 28 Nov 2012

AXIATA ( 6888 : 5.62 ) : Targeting 6.00/Stop loss 5.40

Description

Resistance : 6.00
Support : 5.48

RSI of 22
RSI is oversold

STOCHASTIC
It is oversold

Comment
With oversold technicals, the downside is limited, and it is due for a technical rebound

Trading Strategy
Buy. Stop loss is at 5.40

Source:Jupiter Securities Research, 28 November 2012

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