Thursday, January 12, 2012

Technical Analysis Jan 2012: LIONIND (4235)



LION INDUSTRIES CORPORATION BERHAD

Observation from Chart:

6 Jan 2012m, LIONIND succeed break through symmetrical triangle.

Will it break through RM1.46 resistance or retrace down?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistant would be RM1.46 level.
Immediate support MA100 level.

Let watch closely...

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