Stock Name: SHCHAN
Company Name: SIN HENG CHAN (MALAYA) BHD
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
Company Name: SIN HENG CHAN (MALAYA) BHD
| Research House: JUPITER | Price Call: BUY | Target 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
