Fool Trader KLSE Research
Stock Overview - MUHIBAH - 28 June 2012
MUHIBAH ( 5703 : 1.02 ) : Targeting 1.27/Stop loss 0.94
Description
Resistance : 1.15 1.27
Support : 0.95 1.01
RSI of 27
RSI is oversold
STOCHASTIC
It is oversold
Comment
On the 14/6/2012 buy call, we are lowering the stop loss to 0.94, from 1.18. As technicals are oversold, and the downside is limited to 1.01 - 0.95, a technical rebound to 1.15 is likely. The 50% retracement is at 1.27
Trading Strategy
Buy. Stop loss is at 0.94
Source:Jupiter Securities Research 28 June 2012
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