Thursday, June 14, 2012

Technical Analysis June 2012: GENTING (3182)


GENTING BERHAD

Observation from Chart:-

GENTING is forming lower high & lower low.

How low will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K at oversold stage, pending trigger BUY call.

Technical rebound should be around the corner.
If rebound, MA20 is immediate resistance level.

Immediate support @ RM9.35 level.
Subsequent support @ RM8.32 level.

Let watch closely.

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