![](http://3.bp.blogspot.com/-gGwpglbWAY8/Tx_vI-a6zeI/AAAAAAAABnE/MAr4ZSLJNyE/s320/2012Jan-GENM.png)
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...
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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