Wednesday, September 5, 2012

Genting SP (technical)

Genting SP: Trading Central says the validation of a double bottom pattern calls for a further recovery on a short term basis. Notes the 20day MA is turning up and is about to push above the 50day MA, which would result in a golden cross. Adds RSI above 50 points to further positive momentum. Sees support at $1.29, resistance at $1.42 and $1.49 in extension.

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