Tuesday, 5 July 2011. LIONIND – Stock Pick

LIONIND ( 4235 : 1.93 ) : Targeting 2.16
Description
Resistance : 2.05 2.16
Support : 1.89
RSI of 73
RSI is overbought
STOCHASTIC
It remains on an up swing
TREND INDICATOR.
Up
Comment
The current upward move is targeting 2.05, and 2.16, with a pullback support at 1.90
Trading Strategy
Buy. Stop loss is at 1.84