- This is actually a repeated signal, as it was previously triggered on 19 Dec 2023 at a similar price of RM0.335.
- Although the support area could be higher, I would set the stop loss to RM0.300 to avoid having a stop that’s too tight.
- The target price is RM0.405. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on...
The MACD, OBV, and RSI indicate a divergence signal with a high probability of a strong uptrend on price where the previous volume exceeded the MA20 line.
The candlestick body was above the MA50 line which indicates an uptrend momentum towards the highest peak of price resistance.
Let save LIONIND in WL and watch out for significant price movement with volume...
Price currently been trading in phase E after sign of strength (sos) back to the creek (buec).
expecting T+3--T+4 rebound into mark-up move in phase E.
key levels;
resistance 0.655 / 0.925
support 0.560 / 0.540
gann support 0.610.
price currently in pullback phase
takes time to climb up back
just monitor
until reversal signal appear
already near to test RBS
possible to rebound at RBS or going down more
to reach lower support
not a good timing to BUY
trade as planned
LIONNIND candlestick shows a breakout signal due to significant price movement with high volume supports the price. MACD and OBV charts show a positive uptrend. Therefore, a high probability, the price will continue the momentum. Put this on your WL and watch out for a price rally to the next resistance.
R 0.825
S 0.645
Lionind has recovered a two-months healthy pullback. The share is strengthening above the symmetrical triangle, hence the price could be heading to the upside target at 1.32. Reversal below 0.75 will negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
