Saturday, May 19, 2012

Technical Analysis May 2012: GENTING (3182)


GENTING BERHAD

Observation from Chart:-

GENTING is retest RM10.29 support level.

Will it rebound or break down this support?

Other indicator:-
1. MACD trade at negative region, downtrend sign.
2. Stochastic %K still on SELL call.

If break down RM10.29 level, subsequent support will be RM10 psychology support level.
If rebound, MA20 is immediate resistance level.

Let watch closely.

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