Tuesday, 28 Feb 2012 PENERGY – Stock Pick

PENERGY ( 5133 : 1.24 ) : Targeting 1.45
Description
Oil and gas
Resistance : 1.45 1.57
Support : 1.17
RSI of 75
RSI is overbought
STOCHASTIC
It is on an upswing
TREND INDICATOR
Up
Comment
The recent sharp upkicks point to further upward push to 1.45, and possibly 1.57. A tight stop loss should be
placed at 1.17
Trading Strategy
Buy. Stop loss is at 1.17

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.