Thursday, November 27, 2008

Genting Bhd

Genting Bhd closed at RM4.52 on Wednesday.

The price is now within the Bollinger band and is sitting near the 20 day moving average. It looks like moving into consolidation phase.

The MACD indicator is above its signal line and is indicating further strength. The RSI indicator is moving up from oversold levels and is approaching the 50 level.

The stock is most likely able to hold on to support of RM4.30. Immediate resistance is at RM4.75.

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