This site provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site.
While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Monday, April 5, 2010
LionInd may have a bullish breakout
LionInd broke to the upside of its ascending triangle at RM1.83. The next resistance levels are at RM1.95, RM2.20 & RM2.60.
Chart 1: LionInd's daily chart as at Apr 5, 2010_3.40pm (Source: Quickcharts)
Chart 2: LionInd's weekly chart as at Apr 5, 2010_3.40pm (Source: Quickcharts)
Based on the breakout of the ascending triangle, LionInd could be a trading BUY.
No comments:
Post a Comment