Fool Trader KLSE Research

Stock Overview - RSAWIT - 17 Apr 2012

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Publish date: Tue, 17 Apr 2012, 02:43 PM
RSAWIT ( 5113 : 1.12 ) : Sell ' hit 1.13 target

Description
CPO

Resistance : 1.15
Support : 1.05 1.11

RSI of 64
RSI is recovering

STOCHASTIC
It is overbought, indicating that it is due for a correction

TREND INDICATOR

Comment
It has hit our target of 1.13 on the buy call of 4/4/2012. As the upside is likely to face heavy resistance at the Double top of 1.15, it is best to take profit. A dip below 1.11, will pull it down to 1.05

Trading Strategy
Take profit. Limited upside

Source:Jupiter Securities Research 17 April 2012

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