Stock Overview - KENCANA - 13 Apr 2012

Stock Name: KENCANA
Company Name: KENCANA PETROLEUM BHD

Research House: JUPITER

Price Call: BUY

Target Price: 3.44

KENCANA ( 5122 : 3.16 ) : Targeting 3.44 /stop loss 3.04

Description

Resistance : 3.44 3.70
Support : 3.06

RSI of 58
RSI is on the rise

STOCHASTIC
It is neutral

TREND INDICATOR

Comment
The recent uptrend remains intact, with an upside of 3.44, and 3.70

Trading Strategy
Buy. Stop loss is at 3.04

Source:Jupiter Securities Research 13 April 2012