Stock Overview - NICORP - 30 Mar 2012

Stock Name: NICORP
Company Name: NAIM INDAH CORPORATION BHD

Research House: JUPITER

Price Call: BUY

Target Price: 0.58

NICORP ( 4464 : 0.48 ) : Targeting 0.58

Description
Property

Resistance : 0.58
Support : 0.42

RSI of 47
RSI has stabilised

STOCHASTIC
It is oversold

TREND INDICATOR

Comment
The current correction from 0.74 is ending, due to the oversold technicals

Trading Strategy
Buy. Stop loss is at 0.42

Source:Jupiter Securities Research 30 March 2012