Wednesday, January 23, 2013

Technical Analysis Jan 2013: GENM (4715)

GENTING MALAYSIA BERHAD

Observation from Chart:

GENM rebound from RM3.52 support.

Will it break through RM3.68 resistance level?

Other indicator:-
MACD at positive region, uptrend sign
Stochastic %K tigger BUY call, pending confirmation.

Immediate resistance @ RM3.68 level.
If able break through, will retest RM3.80 level.

Immediate support @ MA50 / MA100 which is RM3.52 level.

Let's watch closely...

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