Friday, November 12, 2010

Genting Berhad Update

Genting Berhad (3182)

11 Nov 2010, Genting Singapore announce their Quarterly Result. Unfortunately, it was below expectation. 12 Nov 2010, Genting Singapore selling pressure is high (gap down), as mother share Genting Berhad also impacted.

Observation from Chart:

On 12 Nov 2010 retrace down to MA50 support level, RM10.16 (-4.2%)

Will it rebound on Monday? Or future retrace down?

If future retrace down, next support level should be Rm9.74 & RM9.49 level.

Meantime, let wait for bullish reversal candlestick ...

Or wait for Genting Berhad announce their Quarter Result which is somewhere around end of Nov. If the result above expectation, that will be the time for rebound. Else, it might future retrace down.

Let watch closely...

Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!


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