MEGB ( 5166 : 0.61 ) : Targeting 0.67/Stop loss 0.59
Description
Resistance : 0.67
Support : 0.59
RSI of 32
RSI is recovering
STOCHASTIC
It is oversold
Comment
The recent sell down has ended at 0.585. With oversold technicals, it is due for a technical rebound
Trading Strategy
Buy: Stop loss is at 0.59
Source:Jupiter Securities Research, 03 October 2012