Wednesday, June 22, 2016

Technical Analysis June 2016: GENTING (3182)


GENTING BERHAD

Observation from Chart:-

GENTING is forming lower high & lower low.

Will it breakout the downtrend line resistance?

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

Immediate resistance @ RM8.21 level.
Subsequent resistance @ RM8.60 level.

Immediate support @ RM8.00 level.
Next support @ RM7.75 level.

Let's watch closely for breakout opportunity.

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