Fool Trader KLSE Research
Stock Overview - WIJAYA - 30 Apr 2012
WIJAYA ( 4022 : 0.68 ) : Targeting 0.80/Stop loss 0.665
Description
Timber
Resistance : 0.80
Support : 0.67
RSI of 43
RSI is stabilising
STOCHASTIC
It is oversold
Comment
While it is hovering at a good support of 0.675, it is not expected to breach the 0.675 support, due to oversold technicals. A rebound is likely to test the 61.8% retracement of 0.80. A tight stop loss should be placed at 0.665
Trading Strategy
Buy. Stop loss is at 0.665
Source:Jupiter Securities Research 30 April 2012
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