Fool Trader KLSE Research

Stock Overview - SHCHAN - 14 Mar 2012

fooltrader
Publish date: Wed, 14 Mar 2012, 09:30 AM
SHCHAN ( 4316 : 1.10 ) : Targeting 1.24

Description
Animal feeds and poultry products

Resistance : 1.16 1.24
Support : 0.94

RSI of 78
RSI is overbought

STOCHASTIC
It is riding on an upswing

TREND INDICATOR
Comment
The strong spike-up yesterday, is heading higher to the 61.8% retracement of 1.16, and possibly 1.24. Stop loss should be placed at 0.94

Trading Strategy
Buy. Stop loss is at 0.94

Source:Jupiter Securities Research 14 March 2012
Related Stocks
Market Buzz
More articles on Fool Trader KLSE Research
Discussions
Be the first to like this. Showing 1 of 1 comments

chongkonghui

This type of TA is not applicable to a counter like SHCHAN.

2012-04-09 17:38

Post a Comment