Newbie Analyser

Lion Industries had on 20/8/2008 traded to an intra-day high of RM1.91 in smaller volume beforesettled at RM1.90on the same day.Where would be the immediate overhead resistance for Lion Industries? The way Lion Industriescarried itself was seen a little encouraging with buying pressure likely to press their luck today;however, resistance selling can be expected between RM2.00 – RM2.05. Assess your acceptablerisk level before making the decision given the uncertainty in external environment.