Wednesday, 12 December 2012

Stock Overview - TM - 13 Dec 2012

TM (4863 : 5.80 ) : Take profit

Description

Resistance : 5.86
Support : 5.60

RSI of 67
RSI is approaching overbought, indicating a limited upside

STOCHASTIC
It is overbought

Comment
On the buy call of 29/11/2012 at 5.80, 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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