Tuesday, 20 Mar 2012 PUNCAK – Stock Pick

PUNCAK ( 6807 : 1.51 ) : Technical rebound

Description
Resistance : 1.66 1.75
Support : 1.46

RSI of 57
RSI is on a sharp rise

STOCHASTIC
It is on an upswing

TREND INDICATOR
Comment
It is on a technical rebound, to target the 61.8% retracement level of 1.66. Suggest to take profit above 1.66

Trading Strategy
Buy. Stop loss is at 1.46 gap


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.