Thursday, 8 Mar 2012 PUNCAK – Stock Pick

PUNCAK ( 6807 : 1.43 ) : Stop loss 1.39

Description
Resistance : 1.49 1.64
Support : 1.39

RSI of 51
RSI is on the rise

STOCHASTIC
It riding on an upswing

TREND INDICATOR
Comment
While the upside target of 1.64 remains intact due to positive technicals, a tight stop loss should be placed at
yesterday’s low of 1.39, which marks the 61.8% pullback level

Trading Strategy
Buy. Stop loss is at 1.39


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.