Friday, June 1, 2012

Genting

Genting: Positive divergences forming on indicators with support at $1.45-1.42 region, although share price has yet to turn up. Any retracement will face short-term resistance at $1.56 lvls. MACD is also entering positive territory and rest of indicators are oversold. In the longer-term, counter appears to be trading in a range between $1.80 and $1.42, which makes the support lvl fairly important.

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