Technical Analysis Aug 2012: GENM (4715)

GENTING MALAYSIA BERHAD

Observation from Chart:

GENM forming double bottoms?

Will it rebound?

Other indicator:-
1. MACD at negative region, downtrend sign
2. Stochastic %K NO tigger BUY call yet.

If rebound, immediate resistance @ MA20 / MA50 level.
If retrace down, RM3.28 would be immediate support level.

Let's watch closely...