Shares & Derivatives
Stock Chart: Genting SP, Golden Agri!
By Dou  •  February 5, 2011

On Tuesday, Genting SP broke the minor resistance at $2.12 and closed at $2.13 with HIGH volume of 73.3 million shares traded.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.

RSI & MACD are bullish as MACD about to perform a golden cross.

Immediate Resistance of Genting SP: $2.15

Immediate Support of Genting: $2.12

Currently prices are resisted by 20/50/100 days MA.

On 24/Jan. Genting SP has broken the critical support at $2.15 which trigger the heavy selling by the investor.

The up trend line is no longer valid since it is already broken and a “lower low” has been formed.

Although Genting SP perform a heavy buying pressure on Tuesday but we would like to warn investors not to get too excited ...

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By Dou
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