Sunday, July 21, 2013

Technical Analysis July 2013: GENM (4715)

GENTING MALAYSIA BERHAD

Observation from Chart:

GENM forming double top @ RM4 level.

Will it break through RM4.00 psychology level?

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

Immediate support @ MA20 / MA50 which is RM3.86 level.
Immediate resistance @ RM4.00 level.
If able break through, higher high is confirm, uptrend will resume.

 Let's watch closely...

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