Tuesday, 10 April 2012 OLDTOWN – Stock Pick

OLDTOWN ( 5201 : 1.41 ) : Take profit

Description

Resistance : 1.44 1.48

Support : 1.28

RSI of 79
RSI is overbought

STOCHASTIC
It is overbought

TREND INDICATOR
Comment
It may have topped out at 1.44, which is the upper trendline resistance of an expanding Diagonal triangle.
With heavy resistance in the region of 1.44-1.48, a pullback to 1.28 is expected

Trading Strategy
Take profit / Avoid. Limited upside


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.