Thursday, February 9, 2012

Technical Analysis Feb 2012: GENTING (3182)


GENTING BERHAD

Observation from Chart:-

GENTING is retest RM10.40 level support.

Will it rebound or further retrace down?

Other indicator:-
1. NO reversal candlestick have been formed.
2. MACD moving toward negative region.
3. Stochastic %K still on SELL call.

If break down RM10.40 level, subsequent support will be RM10 psychology support level.
If rebound, MA20 is immediate resistance level.

Let watch closely.

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