Monday, 12 Mar 2012 SALCON – Stock Pick

SALCON ( 8567 : 0.58 ) : Targeting 0.64


Description
Water, sewerage services

Resistance : 0.64 0.70
Support : 0.56


RSI of 59
RSI is on the rise


STOCHASTIC
It is riding on an upswing


TREND INDICATOR
Comment
The upkick yesterday, is heading to test a resistance at 0.64, then 0.70


Trading Strategy
Buy. Stop loss is at 0.56


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.