Saturday, August 22, 2020

Technical Analysis Aug 2020: GENTING (3182)

GENTING BERHAD 

Observation from Chart:- 

GENTING forming lower high & lower low.
 
Will it forming double bottom @ RM2.90 level ?

Other indicator:-  
MACD at negative region, downtrend itinerary. 
Stochastic %K trigger SELL, pending confirmation. 

Immediate resistance @ RM3.95 level. 
Subsequent resistance @ RM4.90 level. 

Immediate support @ RM3.08 level. 
Subsequent support @ RM2.90 level.

Let's watch closely.

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