Monday, November 8, 2010

Technical Analysis Nov 2010: Genting Berhad (3182)

Genting Berhad (3182)

Observation from chart:

Break up strong resistant, RM10.59

8 Nov 2010, formed doji / hanging man?  

Will it retrace down to support level? Retest RM10.59 as support level.

Estimate Genting Singapore will announce their Quarter Result around Mid of November.

if the result above expectation, as mother stock, Genting Berhad sure will get the positive injection boost up the stock price & create new high.

However, if below expectation, it will future retrace down.

Let watch closely for opportunity to entry.

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


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