Fool Trader KLSE Research

Stock Overview - MRCB - 21 June 2012

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Publish date: Thu, 21 Jun 2012, 08:40 AM

MRCB ( 1651 : 1.82 ) : Take profit

Description

Resistance : 1.82
Support : 1.69

RSI of 66
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 18/5/2012 buy at 1.58, we are recommending to take profit at 1.82, as it has hit our target of 1.82.

Technicals are also overbought indicating a limited upside

Trading Strategy
Take profit

Source:Jupiter Securities Research 21 June 2012

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