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Article: Lion Industries on track to break resistance
- Article from:
- New Straits Times
- Article date:
- April 13, 2009
- Author:
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S.N. Lock
New Straits Times
04-13-2009
Lion Industries on track to break resistance
Byline: S.N. Lock
Edition: Main/Lifestyle
Section: Business Times
Column: Taking stock
Type: Market
OVERALL market sentiment continued to improve as Bursa Malaysia rebounded for the fourth consecutive week. The Kuala Lumpur Composite Index (KLCI) continued to stay above its psychological support of 900 points when it closed at 941.38 last Friday.
The KLCI staged a technical pullback last Tuesday and Wednesday before resuming its technical rebounds over the last two trading days. It rebounded from its intra-week low of 907.87 last Wednesday to its intra-week high of 942.40 last Friday, giving an intra-week ...