Wednesday, February 7, 2018

Technical Analysis Feb 2018: LIONIND (4235)



LION INDUSTRIES CORPORATION BERHAD 

Observation from Chart:

LIONIND forming head & shoulder pattern? 

Will it break RM1.20 support level?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still pending trigger BUY call.

Immediate resistance @ RM1.41 level.
Subsequent resistance @ RM1.51 level.

Immediate support @ RM1.21 level.
Subsequent support @ RM1.11 level.

Let's watch closely...

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