AmInvest Research Reports
Stocks on Radar - Lion Industries Corporation (4235)
AmInvest
Publish date: Fri, 14 Feb 2020, 09:04 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Lion Industries Corporation jumped above the RM0.39 resistance level with higher trading volume. With a rising RSI, a bullish bias may be present above this mark with the short-term target prices of RM0.42 and RM0.44. In this case, the downside support is anticipated at RM0.355, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on breakout RM0.39
Target: RM0.42, RM0.44 (time frame: 3-6 weeks)
Exit: RM0.355
Source: AmInvest Research - 14 Feb 2020
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