ZLBT Chats

Thursday, June 23, 2011

ZLBT Random Stock Picks >>> LION CORP + LION INDS

Technical Comments
Despite the breakout rally on Lion Corp shares yesterday, any further rise towards 31.5sen (61.8%FR) or 33.5sen (50%FR) would be a good selling opportunity ahead of a pullback as technical momentum becomes overbought.


Technical Comments
Similarly, a further rally on Lion Inds towards RM1.90 (38.2%FR) or RM2.02 (23.6%FR) would be attractive to sell prior to profit‐taking pullback, given that the 14‐day RSI already has an overbought reading above 70.


DISCLAIMER
The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

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