LionGold

LionGold: CIMB Technicals notes, prices have inchinghigher from Declast year until now. It appears to be forminga large rounded top pattern. Prices are now holding just above its 200-day SMA.The MACD and RSI have been sporting bearish divergences and both are looking negative. A break below its 200-day SMA would likely signal that prices are ready to headlower from here.
Says, one can choose to sell on strength with a stop placed above $0.895. Or, one can also go short ifthe $0.83 support level gives way. A break below $0.83 would likely indicate that prices areheaded towards $0.76 and probably even $0.68 next.