GENTING MALAYSIA BERHAD
Observation from Chart:-
GENM is trading above MA50 / MA100 support level.
On 29 July 2011, GENM retest MA50 support level again.
Will it rebound?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K not yet trigger buy call.
Above snapshot from RHB, Downdraft Fear Recovery Building Momentum RHB2H presentation slide.
In view of positive news flow on GENM, it might be rebound from current support level if market sentiment is positive.
Let watch closely...
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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