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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