Tuesday, October 6, 2020

Technical Analysis Oct 2020: GENM (Bursa: 4715)



GENTING MALAYSIA BERHAD 

Observation from Chart: 

GENM (4715) moving toward RM1.82 support level. 

Will it forming double bottom @ RM1.82 ? 

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

Immediate support @ RM1.82 level. 
If break this support, lower low is confirm. May have another wave of downtrend. 

Immediate resistance @ MA20 level. 
Subsequent resistance @ RM2.19 level. 

Let's watch closely Disclaimer.

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