Monday, October 26, 2015

Technical Analysis Oct 2015: GENTING (3182)


Observation from Chart:-

GENTING is forming symmetrical triangle pattern

Will it breakout the resistance level ? Or support level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call itinerary.

If breakout the resistance, immediate resistance @ RM7.70 which is around MA100 level.
Next resistance would be RM7.90 level.

If break down, immediate support @ MA20
Next support would be MA50 level.

Let's watch closely for breakout


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