Thursday, 29 Mar 2012 HWATAI – Stock Pick

HWATAI ( 8478 : 0.515 ) : Double bottom

Description
Biscuits

Resistance : 0.62
Support : 0.49

RSI of 46
RSI has stabilised

STOCHASTIC
It is oversold

TREND INDICATOR
Comment
The recent correction has ended at the Double bottom of 0.505. With oversold technicals, it due for a
technical rebound to 0.62


Trading Strategy
Buy. Stop loss is at 0.49


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.