Monday, April 05, 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.

2 comments:

Kino said...
This comment has been removed by the author.
Kino said...

wah lau.. look like we are going to have a superbull in Bursa.