Monday, May 2, 2011

Technical Analysis May 2011: GENTING (3182)


GENTING BERHAD

Observation from Chart:-

As 29 April 2011, GENTING closed at RM11.60 level.

Will it retest RM11.97 level or retrace down?

From candlestick view, it formed Bearish Engulfing Pattern
High probability it will retrace down to RM11.25 support level or RM11.12 level.

If there is reversal candlestick been form, it might be an opportunity to entry.
It will retest RM11.97 level.

Let watch closely.


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

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