July 07, 2014


Stock Type : O&G

Technical.

1. Resistance - 4.26, 4.52
2. Support - 4.14
3, RSI - Overbought, Bullish
4. MACD - Green, Reversal
5. Stochastic - Bullish

Fundamental.

1. Market Cap - 9,124m
2. DY - -
3. PE - 56

Trend.

Short Term - Sideways
Mid Term - Downtrend
Long Term - Uptrend
Risk - Low
Volatility - Low


Strategy: Buy only on breakout at 4.26. Resistance should be at 4.44, coincide with Fibo Resistance, and 4.52 at ceiling. Depending on current market and volatility, take profit  is suggested if reached 4.52 as double top formation will be formed. Cut loss if support at 4.14 breaks.

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