Bursa Malaysia Stock Watch

LionInd may have a bullish breakout

kltrader
Publish date: Mon, 05 Apr 2010, 10:06 PM
kltrader
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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.
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