Bursa Malaysia Stock Watch
Lion Industries Corporation Berhad : Bullish Chart Breakout - 10/08/2010
kltrader
Publish date: Tue, 10 Aug 2010, 03:56 PM
kltrader
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LionInd pierced through the RM1.60 level with a bullish breakout candle yesterday. The share price of LionInd rallied across the key resistance level of RM1.87 in Apr 2010, but triggered a sustained selling leg shortly after touching a high of RM2.00.
It trended lower to a low of RM1.37 in May, but built a support base near RM1.40 for the past few months.
Following a smooth recovery path, the stock pierced through the RM1.60 level with a bullish breakout candle, suggesting a likely follow-through buying support today.
Lion Industries Corporation Berhad : Bullish Chart Breakout - 10/08/2010
It trended lower to a low of RM1.37 in May, but built a support base near RM1.40 for the past few months.
Following a smooth recovery path, the stock pierced through the RM1.60 level with a bullish breakout candle, suggesting a likely follow-through buying support today.
Lion Industries Corporation Berhad : Bullish Chart Breakout - 10/08/2010
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