Shares & Derivatives
Stock Chart: Genting SP, DBS!
By Dou  •  February 12, 2011

On Friday, Genting SP re-tests the support at $2 and closed at $2.03 with HIGH volume of 0.114 billion shares traded.

A candle stick with long upper/lower shadow indicates the hesitant of the investors in selling the stocks as it approaches its key support.

RSI & MACD are flat as MACD lines converge together.

Immediate Resistance of Genting SP: $2.08

Immediate Support of Genting: $2

Currently prices are well below 20/50/100/200 days MA.

Genting remains bearish as it’s formed a “lower high” as it pullback to the support of $2 and prices yet to break out of the falling trend line.

Although $2 support is expected to be very strong but we would like to warn investors to be careful since prices have been trading in high volume for the past few days.

On Friday, DBS re-tests the support at $14.50 and closed at $14.80 ...

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By Dou
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