Tuesday, January 31, 2012

Technical Analysis Feb 2012: GENM (4715)


GENTING MALAYSIA BERHAD

Observation from Chart:

31 Jan 2012, GENM succeed break through the bolinger band with huge volume.

How high will it go?

Other indicator:-
1. MACD at positive region, uptrend sign.
2. MACD bullish crossover.
3. Stochastic %K on BUY call itinerary.

It might be hugging bolinger upper band go higher high.

If retrace down, RM4.00 psychology level is immediate support level.
However, RM3.93 would be strong support level.

Let watch closely...

0 comments:

Post a Comment