Wednesday 7 November 2012

Stock Overview - MNRB - 7 Nov 2012

MNRB ( 6459 : 3.14 ) : Take profit

Description

Resistance : 3.22
Support : 3.02

RSI of 72
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the buy of 5/11/2012 at 2.97, we are recommending to take profit as it has hit the 3.21 target, and technicals also are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research, 07 November 2012

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