Fool Trader KLSE Research

Stock Overview - FAVCO - 8 Aug 2012

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Publish date: Wed, 08 Aug 2012, 12:10 PM
FAVCO ( 7229 : 1.80 ) : Take profit

Description

Resistance : 1.82
Support : 1.68

RSI of 75
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 7/8/2012 buy call at 1.62, we are recommending to take profit as it is approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research 08 August 2012

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