2017年6月6日星期二

转贴:Traders' Corner - Lion Industries Corporation (LLB MK)

a)

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  • Technical BUY with +19.8% potential return
  • Last price: RM1.16
  • Target price: RM1.36, RM1.39
  • Support: RM1.00
  • Stop-loss: RM0.995
BUY with a target price of RM1.39 and stop-loss at RM0.995. Based on the daily Ichimoku chart, a buying signal was seen as the stock has been trading above the Ichimoku cloud. This is supported by the Heat Wave indicators as the Tenkan-sen, Kinjun-sen and Chikao span lines are intercrossing, which suggest a bullish signal. An uptick in the RSI and DMI suggests buying momentum is set to continue in the near term. We peg our targets at RM1.36 and RM1.39 in the near to medium term.
Expected Timeframe: 2 weeks to 2 months
Source: UOB Kay Hian Research - 2 Jun 2017

b)
Saturday, 15 April 2017

Eye on stock: Lion Industries

 
 
LION Industries Corp Bhd (Lionind; Code: 4235) shares were on the rise since forming a “double bottom” pattern of 22 sen in late February last year following a long bearish move.
The healing process in the initial stage appeared volatile while the new-born bull engaged in a tug of war with the bear fighting to take control.
The battle lasted almost a year before the former emerged as the clear winner earlier this year and soon led Lionind higher in a steeper and a more steady pace, which witnessed prices mended to a high of 87 sen on March 16, the best level in almost 3½ years.
Thereafter, shares pulled back to a three-week low of 66 sen on March 27 in a brief correction owing to apparent profit-taking activity before bouncing off once again in the wake of a fresh bout of buying.
Consequently, Lionind shares returned to within striking distance of the recent peak, hitting a high of 86 sen in the morning session but gave up early gains later to finish one sen lower at 82 sen, as a lacklustre principal market performance simply was not supportive of the bulls yesterday.
Based on the daily chart, Lionind has carved out a mending course and although the bulls are expected to encounter initial challenges at the 90 sen hurdle, RM1 mark and at the next upper barrier of RM1.20, there is a high possibility prices may test the descending trendline of RM2.23 if they are given more time.
Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were holding up well near bullish territory. It has issued a short-term buy on Thursday.
The past week saw the 14-day relative strength index (RSI) hitting a high of 72 on Thursday before retreating slightly to settle at the 68-point level yesterday.
Except for a minor curving down pictogram on the 14-day RSI, other indicators are painting a pretty promising landscape.
As for the downside, concrete support is pegged at the 66 sen line, of which a crack will have a negative impact on the outlook going forward.
The comments above do not represent a recommendation to buy or sell.