Genting penetrated RM6.80 with a huge bullish candle on Friday. The share price of Genting halted its seven-month uptrend after reaching a high of RM7.87 in Oct 2009. However, the stock has stayed relatively resilient on a consolidation phase. Nonetheless, it slipped to below the RM6.80 support in Feb 2010, to a low of RM6.20. It launched a technical rebound, but failed to cross the RM6.80 hurdle until last Friday, when it jump-started with a huge bullish candle to end the week at RM6.95 high. That indicates a likely chart breakout ahead.
Genting Berhad : Potential Medium-term Positive Signal Ahead… - 3/5/2010
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