Fool Trader KLSE Research
Stock Overview - PADINI - 2 May 2012
PADINI ( 7052 : 1.67 ) : Take profit
Description
Resistance : 1.70
Support : 1.52 1.56
RSI of 77
RSI is overbought
STOCHASTIC
It is overbought
Comment
On our buy recommendation of 4/4/2012, it has gone above the target of 1.57. We recommend taking profit at the current level, as it has hit a near term top of 1.70, due to strong selling. A pullback to 1.56 is likely
Trading Strategy
Take profit. Downside is at 1.56
Source:Jupiter Securities Research 02 May 2012
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