Shares & Derivatives
Stock Chart: Genting SP, Cosco!
By Dou  •  December 16, 2010
On Thursday, Genting SP re-tests the support at $2.09 and closed at $2.09 with LOW volume of 85.72 million shares traded. Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. Both RSI & MACD are bearish as RSI continue to trend downwards. Important Resistance of Genting SP: $2.13 Immediate Support of Genting SP: $2.09 Currently prices are supported by 20 days MA at $2.09 and resisted by 50 days MA at $2.13 Recently Genting SP is very bearish and prices have been dropping for the past 4 days. We would like to warn investors that $2.09 support is a critical level for Genting SP. If this support at $2.09 were to be breached at high volume, it is likely that prices ......
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By Dou
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