Friday, July 13, 2012

Lian Beng

Lian Beng: near term momentum is positive, with the key indicators rising, but momentum may be tapering off, as RSI is approaching overbought territory while Stochastics is already overbought. Share price is now at the critical $0.40 resistance, and a successful break could see the stock test the recent high at $0.43. Initial support at $0.38.

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