Tuesday, 8 May 2012 PERMAJU – Stock Pick

PERMAJU ( 7080 : 0.73 ) : Take profit around 0.80/stop loss 0.67

Description

Resistance : 0.83

Support : 0.50 0.595

RSI of 86
RSI is overbought

STOCHASTIC
It is overbought

Comment
As the current upward push is nearing the target of 0.83, and with overbought technicals, we suggest taking
profit around 0.80


Trading Strategy
Take profit around 0.80. Stop loss is at 0.67


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.