Monday, November 4, 2013

Genting SP (technical)

Genting SP : Trading Central notes the stock has extended its gains following the validation of a short term bullish flag pattern. Both the 20 day and 50 day moving averages are positively oriented and should also push the price higher. Further more the RSI still holds above its neutral area at 50%. In that case, as long as $1.41, a key medium term support, is not broken , there will be a likely advance to $1.59 and even $1.64 as a medium term target.

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