March 14, 2012

Stock Overview - SHCHAN - 14 Mar 2012

Stock Name: SHCHAN
Company Name: SIN HENG CHAN (MALAYA) BHD
Research House: JUPITERPrice Call: BUYTarget Price: 1.24



SHCHAN ( 4316 : 1.10 ) : Targeting 1.24

Description
Animal feeds and poultry products

Resistance : 1.16 1.24
Support : 0.94

RSI of 78
RSI is overbought

STOCHASTIC
It is riding on an upswing

TREND INDICATOR
Comment
The strong spike-up yesterday, is heading higher to the 61.8% retracement of 1.16, and possibly 1.24. Stop loss should be placed at 0.94

Trading Strategy
Buy. Stop loss is at 0.94

Source:Jupiter Securities Research 14 March 2012

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