Friday, February 8, 2013

Genting SP (technical)

Genting SP: Trading Central notes the stock has validated a "bullish flag" pattern, and is currently accelerating on the upside. Both the 20 day and 50 day moving avg are moving upwards. Furthermore, the RSI indicator is slightly "overbought" but remains bullish. The house believes, as long as $1.48 support is not broken, it anticipates further advance to at least $1.64, and $1.69 in extension.

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