Wednesday, January 25, 2012

Technical Analysis Jan 2012: GENM (4715)


GENTING MALAYSIA BERHAD

Observation from Chart:

Since Oct 2011, GENM keep consolidate & forming bolinger band squeeze.

On 25 Jan 2012, GENM rebound from MA20 / MA50 support level.

Will it break through RM3.92 resistance level?

Other indicator:-
1. MACD at positive region, uptrend sign.
2. Stochastic %K trigger BUY call, pending confirmation.

High probably it will break through the resistance.

If retrace down, MA20 / MA50 is immediate support level.
However, RM3.77 is strong support level.

Let watch closely...

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