Wednesday, June 27, 2012
Lian Beng (technical)
Lian Beng: technical outlook appears to be improving. The double bottom at $0.345 now provides a good base for the stock. MACD and RSI are trending up, which bodes well for near term momentum, and a close above the 200 day MA ($0.37) could mark the start of an uptrend. Further pick up in volume and price would help confirm this outlook.