Friday, August 23, 2013

******** Upside breakout: Liongold. Share price 1.555. (Cleared 1.50 critically)

Following up from previous call made on 15 Aug 2013. LionGold has traded a week below the 1.50 resistance level on a down market consolidating sideways for the past few days only to break up further when market is positive today. Currently at an all time high at 1.555. Missed the break out of 1.50 where long positions should have been opened around 1.505 to 1.525. Nevertheless, still a Trading call buy for more upside to 1.60 in the near term. Possible to accumulate on any dips near 1.50. As long as the 1.50 stays as a new support level, more bullish momentum can still continue.
Buy Stop at 1.485.
 

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