Thursday, 11 September 2014

Close Brother Group Plc : UK stock pick of the day



RECOMMENDATION : BUY
Close Brother Group Plc is looking strong on charts for buying .The over all trend of stock is Bullish and it is managing to trade with positive biasStock is strength as it's sustaing above both moving averages .In upcoming session it can show upside movement after crossing of the resistance level at 1390 it can test the level of 1490 with the stop loss at 1340.
 
 
CHART FORMATION:-
Stock has managing to trade with positive bias and managing to sustain at higher crossing of resistance level it can show upside movement.
It's managing to trade above 50 DMA and 200 DMA with positive bias.

INDICATORS:-
RSI is trading above the level of 50 and looking further bullish and facing resistance at 60 crossing of it can test the level of 70.
Fast line has given the break out above slow line and it's sustains above the zero level.