GenM retreated to RM3.40 after the recent sharp rally. The share price of GenM broke out of the more-than-a-year long rangebound trading zone of RM2.68 – RM2.96, when it recorded a huge bullish candle in Aug 2010. After a brief consolidation, the stock rallied to a high of RM3.72 in Sep. However, it triggered an instant profit-taking dip to a support near RM3.40 in recent sessions. On Friday, it registered a small “positive harami” candle, indicating a possible reversal from the recent downswing.
Genting Malaysia Berhad : Possible Reversal From The Recent Downswing … - 04/10/2010
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