Monday, August 6, 2012

Genting HK (technical)

Genting HK: Technicals looks positive with Stochastics and RSI moving higher. MACD is also in positive territory. Possible concerns are that Stochastics are in overbought region, and trading past its upper Bollinger band but in the absence of any reversal signal, prices are likely to head higher. See support at $0.32 with immediate resistance at $0.345 region after which counter may trade to $0.38-0.385.

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