Wednesday, July 20, 2011

Technical Analysis July 2011: GENTING (3182)



GENTING BERHAD

Observation from Chart:-

20 July 2011, GENTING is retest current support level RM10.40.

Will it rebound or further retrace down?

Other indicator:-
1. NO reversal candlestick been formed.
2. Break through MA200 support level.
3. MACD move to negative region.
4. Stochastic %K NO trigger any buy call.

High probably, GENTING will retest RM10.00 psychology level.

If break down RM10 psychology level, subsequent support level which is RM9.50 level.

Let watch closely.


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

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