Stock Name: RSAWIT
Company Name: RIMBUNAN SAWIT BHD
RSAWIT ( 5113 : 1.04 ) : Targeting 1.13-1.16
Description
CPO
Resistance : 1.13 1.16
Support : 0.99
RSI of 44
RSI is stabilising
STOCHASTIC
It has started to turn upwards
TREND INDICATOR
Comment
The recent correction has bottomed at 0.995, which is a support level. It is in for a technical rebound to target 1.13. A tight stop loss should be placed at 0.99
Trading Strategy
Buy. Stop loss is at 0.99
Source:Jupiter Securities Research 04 April 2012
Company Name: RIMBUNAN SAWIT BHD
| Research House: JUPITER | Price Call: BUY | Target Price: 1.13 |
RSAWIT ( 5113 : 1.04 ) : Targeting 1.13-1.16
Description
CPO
Resistance : 1.13 1.16
Support : 0.99
RSI of 44
RSI is stabilising
STOCHASTIC
It has started to turn upwards
TREND INDICATOR
Comment
The recent correction has bottomed at 0.995, which is a support level. It is in for a technical rebound to target 1.13. A tight stop loss should be placed at 0.99
Trading Strategy
Buy. Stop loss is at 0.99
Source:Jupiter Securities Research 04 April 2012
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