Wednesday, 28 Mar 2012 WTK – Stock Pick

WTK ( 4243 : 1.49 ) : Consolidation breakout

Description
Timber

Resistance : 1.75
Support : 1.40

RSI of 70
RSI is overbought

STOCHASTIC
It is on an upswing

TREND INDICATOR
Comment
Following the consolidation breakout, it is heading for the 61.8% retracement of 1.75


Trading Strategy
Buy. Stop loss is at 1.40


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.