Wednesday, May 5, 2010

LIONIND(4235) - Bearish?

After intersecting target price at 1.90-2.00, LIONIND may have exhausted its rally. Further correction in its price is needed before the rally can restart. Its MACD,DMI and RSI have broken into bearish territory. The RM1.70-1.80 is the strong support.



Trading Sell with a target range of RM1.30-RM1.45 at its next support base.

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