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Thursday, June 23, 2011

Lion Industries Broke the Resistance and shoot up

Some say it went up because of technical and some say it went up because of news. Who cares, as long we can gain profit from it that is number one for us small investor @ small fishes..

1) Trendline - Uptrend( Bullish)
2) Formed higher high - Bullish
3) MACD - 4R1G and kissing ( Bullish Reversal)
4) RSI - Broke above 70% to 91% ( Super Bullish)
5) Sto - Bullish crossover and above 80% (Bullish)
6) ADX - weak momentum and bullish
7) Candle Stick - Super Long White Candle (Volcano Eruption Bullish)
8) News - Good news from Bloomberg ( Refer to this)

0 Points

 7 Points


Winner BULL

Broke the resistance but many more hurdles to pass..

Entry Price 1.9
Take Profit  at 1.97 and 2.04
Support at 1.88

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

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