Friday, May 26, 2017

Technical Analysis May 2017: GENTING (3182)



GENTING BERHAD 

Observation from Chart:-

GENTING forming ascending triangle pattern.

Will it breakout the resistance & go higher?

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

Immediate resistance @ RM10.00 level.
Subsequent resistance @ RM10.16 level.

Immediate support @ RM9.80 level.
Subsequent support @ RM9.70 level.

Let's watch closely for breakout opportunity.

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