Wednesday, December 28, 2011

Technical Analysis Dec 2011: GENTING (3182)


Observation from Chart:-

GENTING is forming ascending triangle.

Will it break through RM11.00 strong resistance?

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

If market sentiment positive, high probably GENTING will break through RM11.00 resistance, which we may confirm another wave of uptrend. (higher low & higher high)
On the other hand (if retrace down), it might retest lower triangle line.

Let watch closely.


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