Wednesday 7 November 2012

Stock Overview - ILB - 8 Nov 2012

ILB ( 5614 : 1.01 ) : Take profit

Description

Resistance : 1.06
Support : 0.95

RSI of 77
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy of 24/8/2012 at 0.94, we are recommending to take profit as it has hit the 1.02 target, and technicals also are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 08 November 2012

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