Thursday, August 26, 2010

Genting Berhad - Continuation Of Uptrend

Genting Berhad tested the 38.2% Fibonacci retracement level of RM8.51 on 23 Aug and it has managed to pierce through the RM9.00 level. This is a bullish sign. Based on Fibonacci projection, the current move indicates a 61.8% projection target of RM9.32.

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