Wednesday, 1 August 2012

Daily Trading Stocks: Genting Bhd

Genting  could  rebound  after  the  last Thursday’s “Long Black Day” failed  to  see  prices  lowering.  A  purchase  can  be  made  above  the prior three-day high of RM9.30 with a close below the candle low of RM9.10  as  a  stop-loss.  The  price  target  is  RM10.25,  provided  that the recent high of RM9.85 is violated. Failure to hold above RM9.30 could  see  a  return  of  selling  and  supports  are  at  RM8.60  and RM8.40.


Source: OSK

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