Monday, 3 December 2012

Stock Overview - OLDTOWN - 4 Dec 2012

OLDTOWN (5201 : 2.04 ) : Take profit

Description

Resistance : 2.08
Support : 1.94

RSI of 68
RSI is approaching overbought

STOCHASTIC
It is overbought, indicating a small pullback

Comment
On the buy call of 12/10/2012 at 1.93, we are recommending to take profit due to a possible pullback

Trading Strategy
Take profit

Source:Jupiter Securities Research, 04 December 2012

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