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[HC]

Lion Industries Corporation Bhd (4235) (2009-09-04 Closing Price RM 1.54)

I don't like the look of this chart:

1. An obvious 5 waves rally seen.
2. The latest peak at 1.75 was done with lower volume
3. Price has broken the neckline of a round top formation, and it looks to me it is doing a pull back to neckline.

I think a retest of 1.30-1.37 is likely.

[HC]

Lion Industries Corporation Bhd (4235) (2009-11-20 Closing Price RM 1.32)

Price has fallen to supporting zone, now watch for sign of bounce (candlesticks formation or break of short term trend line).

[HC]

Lion Industries Corporation Bhd (4235) (2010-01-09 Closing Price RM 1.68)

As price approaches last significant high 1.70+-, volume and candle body started to shrink.  This indicates the loss of power of current run up.  I would prepare to exit if trading short term.

[HC]

Lion Industries Corporation Bhd (4235) (2010-02-12 Closing Price RM 1.57)

Watch sign of support at 1.50+-.