Lion Corp has a bullish breakout

From the chart below, you can see that Lion Corp has broken above its strong horizontal resistance of RM0.85/86 when it jumped 9 sen to close at RM0.91 today. If it can hold above the breakout level over the next few days, Lion Corp is expected to rise further.

Like UEM Builder & DRB Hicom before this, Lion Corp is a trading buy recommendation which is based strictly on technical consideration alone. I have not looked into their financial performance nor their financial position before making this recommendation.


Chart: Lion Corp's daily chart as at Feb 14