Monday, 3 December 2012

Stock Overview - P&O - 4 Dec 2012

P&O (6009 : 1.22 ) : Targeting 1.40/Stop loss 1.17

Description

Resistance : 1.40
Support : 1.17

RSI of 61
RSI is rising

STOCHASTIC
It is on an upswing

Comment
It appears to have broken out of its consolidation, and is targeting 1.40. A tight stop loss should be placed at 1.17

Trading Strategy
Buy. Tight stop loss is at 1.17

Source:Jupiter Securities Research, 04 December 2012

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