Friday, 6 April 2012 MRCB – Stock Pick

MRCB ( 1651 : 1.80 ) : Buy around 1.74

Description

Resistance : 2.05

Support : 1.70 1.74

RSI of 27
RSI is oversold

STOCHASTIC
It is oversold

TREND INDICATOR
Comment
The overall oversold technicals indicate a limited downside, as it is due for a technical rebound to 2.05


Trading Strategy
Buy around 1.74. Stop loss is at 1.66


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.