Update on 4/9/2010
LIONIND going up again on friday (3/9/2010). I see nothing can stop it from moving higher when price break resistance at 1.73. What u should do is buy at 1.74 then let it going up. The only thing that u need to do is to sell when the candlestick show doji or shooting star which is normally happen when the price is on top of the hill. I put the target profit (TP) at 1.81, 1.89, 1.95 and 2.00. U must set your selling based on which TP by looking at the volume, indicators and achieveable target. Check regularly on chart then make your decision. I put this for your convenient and to safe guard u from unnecessary losses. Bear in mind that DJIA up+127 pt on friday, so let the profit ride.TQ.
I check the STEEL SECTOR, look promising for tomorrow. Below is my take for LIONIND for today closing (19/8/2010).
1. Volume very high.
2. 4r1g.
3. Stochastic move up.
4. Acc/dist surge.
5. Best position to buy based on MA.
I will post the day after tomorrow in CN. Have a profit trading
--Disclaimer as usual, applied--
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