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Message: Buy recommendation from Investtech

Buy recommendation from Investtech

posted on Sep 29, 2009 12:34PM
Posted today and roughly translated from the following link (using google): http://www.hegnar.no/analyser/article394398.ece
Finally, Investtech believe that the Questerre Energy could be a good buy.

- Questerre Energy is a rising trend and further rise is indicated. The rate is now, however, near the ceiling of the trend channel, which may result in a reaction down. The share price is testing it's support at around 13.00 Norwegian crowns, which may give a reaction up. Volume tops and bottoms correspond well with the tops and bottoms in the price. This trend strengthens the image. RSI is overbought but the stock may continue to rise further, and we should see a decrease in RSI-curve before this is considered to weaken the stock. The stock is considered overall technically positive for the medium term, writes Investtech.

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