Thursday, June 9, 2011

Technical Analysis June 2011: GENTING (3182)


Observation from Chart:-

GENTING is forming decending triangle.

RM10.90 is current strong support level.
Everytime retrace down to RM10.90 level, it will rebound.

Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

However, if break down RM10.90 level, it might be high risk.
It will forming lower high & lower low, which is downtrend.

Let watch closely.

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


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