Monday, 27 Feb 2012 PUNCAK – Stock Pick

PUNCAK ( 6807 : 1.42 ) : Targeting 1.68
Description
Resistance : 1.68
Support : 1.29 1.36
RSI of 47
RSI is weakening
STOCHASTIC
It is oversold
TREND INDICATOR
Down
Comment
The recent sell down from 1.89, has hit a support at 1.36, indicating a limited downside. It is likely to recover
to the 61.8% of 1.68
Trading Strategy
Buy. Stop loss is at 1.29


Disclaimer
This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without
notice.