Monday, August 28, 2017

Technical Analysis Aug 2017: GENM (4715)



GENTING MALAYSIA BERHAD 

Observation from Chart:

GENM retrace down from RM6.20 resistance level.

Will it rebound @ strong support level, RM5.50 ?

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

Immediate support @ RM5.50 level.
Subsequent support @ RM5.45 level.

Immediate resistance @ RM5.80 level.
Subsequent resistance @ RM6.00 psychology level.

Let's watch closely.

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