Sunday, October 12, 2014

Technical Analysis Oct 2014: GENTING (3182)


GENTING BERHAD 

Observation from Chart:-

GENTING is retest RM9.28 support level.

Will it rebound? Or forming lower low?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on SELL call itinerary.

If rebound, MA20 would be immediate resistance level.
Next resistance would be RM9.55 level.

If break down, lower low will be formed.
Next support would be RM9.18 support level.

Let's watch closely.

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