Tuesday, October 21, 2014

Technical Analysis Oct 2014: GENM (4715)

GENTING MALAYSIA BERHAD 

Observation from Chart:

GENM forming lower high & lower low...

How low will it go?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K on BUY call.

Immediate support @ RM3.90 level.
Subsequent support @ RM3.78 level.

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50/ MA100 level.

Let's watch closely...

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