Monday, November 7, 2011

Technical Analysis Nov 2011: GENTING (3182)


GENTING BERHAD

Observation from Chart:-

4 Nov 2011, GENTING retest current resistant level RM10.82.

Will it break through or retrace down?

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

If market sentiment positive, high probably GENTING will break through RM10.82 resistant & retest subsequent resistant RM11.32 level.
However, if retrace down, RM10.16 is strong support level, which is MA100 level.

Let watch closely.

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