GenM traded sideways at between RM2.68 and RM2.96 since last May. The share price of GenM surpassed the tough resistance level of RM2.68 in May 2009, but lost the level in a quick profit-taking dip in Jun. The stock recovered to above RM2.68 in Jul 2009, and headed to a high of RM3.02, before a swift pullback occurred. Since then, it has been trending sideways at between RM2.68 and RM2.96. In May 2010, the stock breached to below RM2.68 to a low of RM2.51, but once again, it rebounded to above the level in Jun 2010. It closed last Friday at RM2.78 with a positive candle.
Genting Malaysia Berhad : Further Upside Will Confirm The Upswing... 28/06/2010
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