Fool Trader KLSE Research

Stock Overview - MEGB - 16 Aug 2012

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Publish date: Thu, 16 Aug 2012, 08:53 AM
MEGB ( 5166 : 0.765 ) : Targeting 0.80/Stop loss 0.745

Description

Resistance : 0.80
Support : 0.75

RSI of 22
RSI is oversold

STOCHASTIC
It is oversold

Comment
As it is oversold on the Double bottom of 0.75, it is due for a technical rebound

Trading Strategy
Buy. Stop loss is at 0.745

Source:Jupiter Securities Research 16 August 2012

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