Lion Gold: CIMB has Technical Sell Call. Note that prices have inched its way higher from Dec last year until now and appears to be forming a large bearish wedge pattern.
MACD and RSI are now sport a bearish negative divergence and both are looking in a short term negative mode currently. A break below its 50-day SMA would likely signal that prices are ready to head lower from here. One can choose to sell on strength with a stop placed above $0.895. One can also go short if the S$0.85 support level gives way. A break below $0.85 would likely indicate that prices are headed towards $0.76 next.
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