Tuesday, November 29, 2011

Technical Analysis Nov 2011: GENM (4715)


GENTING MALAYSIA BERHAD

Observation from Chart:

As today, 29 Nov 2011 GENM is retest RM3.90 resistance level.

Will it break through this resistance?

Other indicator:-
1. MACD at positive region, uptrend sign.
2. No reversal candlestick been formed.
3. Stochastic %K trigger BUY call.

High probably it will break through the resistance.
If retrace down, RM3.77 is immediate support level.

Let watch closely...

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