Tuesday, 28 Feb 2012 HWGB – Stock Pick

HWGB ( 9601 : 0.40 ) : Rebounding
Description
Electrical components
Resistance : 0.44 0.54
Support : 0.38
RSI of 55
RSI is recovering
STOCHASTIC
It has started to turn upwards
TREND INDICATOR
Sideways
Comment
The recent recovery from its oversold position, indicates that it has bottomed out. If it manages to breach
0.44, the next level will be 0.54. A tight stop loss should be placed at 0.38
Trading Strategy
Buy. Stop loss is at 0.38

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.