Wednesday, 12 December 2012

Stock Overview - BJTOTO - 13 Dec 2012

BJTOTO (1562 : 4.50 ) : Take profit

Description

Resistance : 4.60
Support : 4.36

RSI of 58
RSI has met resistance at 58 level, indicating a likely pullback

STOCHASTIC
It is overbought

Comment
On the buy call of 7/6/2012 at 4.31, we are recommending to take profit as technicals are approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research - 13 December 2012

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