Fool Trader KLSE Research
EURO ( 7208 : 0.37 ) : Take profit / limited upside
EURO ( 7208 : 0.37 ) : Take profit / limited upside
Description
Furnishings
Resistance : 0.41
Support : 0.31
RSI of 66
RSI is on the rise
STOCHASTIC
It is riding on an up swing
TREND INDICATOR
Comment
Following the sharp run up, the upside is limited to the 61.8% retracement of 0.41. It is likely to attract profit
taking ahead of a pullback
Trading Strategy
Take profit. Support is at 0.31
Source:Jupiter Securities Research 09 April 2012
Description
Furnishings
Resistance : 0.41
Support : 0.31
RSI of 66
RSI is on the rise
STOCHASTIC
It is riding on an up swing
TREND INDICATOR
Comment
Following the sharp run up, the upside is limited to the 61.8% retracement of 0.41. It is likely to attract profit
taking ahead of a pullback
Trading Strategy
Take profit. Support is at 0.31
Source:Jupiter Securities Research 09 April 2012
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