GENTING MALAYSIA BERHAD
Observation from Chart:-
GENM is forming descending triangle.
As today, 30 June 2011 GENM is retest upper line of triangle.
Will it break through upper line triangle?
MACD bullish touching, pending crossover.
Stochastic %K been trigger buy call last two day.
Most people enter into long positions when the price breaks above the upper line resistance
Once the breakdown occurs, most people will enter into short positions.
Meantime, strong support level around RM3.51
Let watch closely...
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
Hi Quah,
ReplyDeleteCan you comment on MAGNA?What could be the best entry price for this counter?
Hi Vincent,
ReplyDeleteI been share MAGNA in Technical Analysis July 2011.
Just wait it retrace down & reversal candlestick formed.
Have a nice day.