Lion Diversified Holdings $LIONDIV / 2887 (LION DIVERSIFIED HOLDINGS BERHAD)
PublicInvest Research Technicals
Target Price RM0.980, RM1.03; Potential return 7.1%, 12.5%; Support RM0.880; Stop Loss RM0.830
Possible for upside. LIONIND is bottoming out of its downtrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.980 be broken, it may continue to lift price higher to subsequent resistance level of RM1.03.
However, failure to hold on to support level of RM0.880 may indicate weakness
in the share price and hence, a cut-loss signal.
Lee Siao Ping
T 603 2268 3019
F 603 2268 3014
E lee.siaoping@publicinvestbank.com.my