Shares & Derivatives
Stock Chart: Genting SP!
By Dou  •  September 9, 2011

On Thursday, Genting SP re-test the support at $1.63 and closed at $1.69 with HIGH volume of 0.159 billion shares traded.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

RSI & MACD are bullish as RSI trend upwards.

Immediate Resistance of Genting SP: $1.77

Immediate Support of Genting: $1.63

Currently prices are supported by 20 days MA at $1.63

Since 8/Aug, Genting SP has been trending along the key support of $1.50 and key resistance of $1.77.

We would not advise anyone to buy near the $1.77 level since this resistance is expected to be very strong.

Instead watch the support at $1.50 if the prices have the opportunity to pull back to this level for best entry.

Stock Chart: ...

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By Dou
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