LionGold (technical)

LionGold: this is a stock where technical analysis may not work as well due to the sudden bouts of volatility that it appears prone to. If you must have a chart read, the near term trend is biased downward, evidenced by the declining RSI and MACD. Nevertheless firm support is not far off at $1.45, considering that the next support level at $1.30 is a long way off. Resistance is at $1.70.