Jan 5, 2010


Lityan stock code 9075


Chart wise : Waiting for the right time ……………

Lityan had on 4/1/2010 crossed over the immediate high of  RM1.99 (24/12/2009) to reach a day high of RM2.12 before settled at RM2.08. 

Next Potential Upside Target : With the upside violation of RM1.99 level,  Lityan would thus be likely to trade upward with next upside target at RM2.30. 

Entry Level  : Risk taking traders may establish buying position at RM2.04.

Stop Loss Level : Once a buying position is being established, a stop loss level at  RM1.84 level  must be placed for risk capital protection purpose followed by trailing stop loss strategy.