LION INDUSTRIES CORPORATION BERHAD
Observation from Chart:
LIONIND succeed break through MA50 resistance level?
Will it break through RM1.26 resistance or retrace down?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on BUY call itinerary.
Immediate resistant would be RM1.26 level.
Immediate support MA50 level.
If the bull strong enough, it might break through the resistance go higher.
However, due to overbought phase, correction might be in place soon.
Let's watch closely...
Observation from Chart:
LIONIND succeed break through MA50 resistance level?
Will it break through RM1.26 resistance or retrace down?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on BUY call itinerary.
Immediate resistant would be RM1.26 level.
Immediate support MA50 level.
If the bull strong enough, it might break through the resistance go higher.
However, due to overbought phase, correction might be in place soon.
Let's watch closely...
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