Tuesday, September 6, 2011

Technical Analysis Sept 2011: GENTING (3182)




GENTING BERHAD

Observation from Chart:-

9 Sept 2011, GENTING is retest current support level RM9.40.

Will it rebound or further retrace down?

Other indicator:-
1. Reversal candlestick have been formed.
2. MACD bullish touching pending crossover BUT still at negative region, downtrend itinerary.
3. Stochastic %K already trigger buy call.

High probably, GENTING will retest RM9.96 resistant or RM10.00 psychology level.

Let watch closely for technical rebound.


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

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