Monday, May 16, 2011

Technical Analysis May 2011: LIONIND (4235)


LION INDUSTRIES CORPORATION BERHAD

Observation from Chart:


LIONIND rebound from RM1.59 support level.

Next resistant would be MA100 RM1.84 level.

If retrace down, it might retest RM1.59 level.

MACD formed bullish crossover BUT not yet pass through positive region.

If able pass through positive region, it will be a buy call on this counter.

Let watch closely...


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

0 comments:

Post a Comment