Shares & Derivatives
Stock Chart: Genting HK, Kepland!
By Dou  •  March 12, 2011

On Friday, Genting HK rebound from the critical resistance and closed at $0.395 with LOW volume of 16.04 million shares traded.

A black candle stick with short lower shadow indicates investors took profit but prices managed to hold onto the 20 days MA support.

Both RSI & MACD are bearish as RSI began to trend downwards.

Important Resistance of Genting HK: $0.415

Immediate Support of Genting HK: $0.36

Currently prices are supported by 20 day MA.

On 9/Mar, prices retest the critical resistance at $0.415 with regular but failed to breakout.

This action prompt investor to take profit since they understand critical resistance at $0.415 is very strong.

Do not advise to enter this bearish stock since $0.415 support already broken.

However even if interested in the fundamental, do watch for the support at $0.36 for a better entry price.

On Friday, ...

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By Dou
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