GenP closed near a more than two year high with a series of positive candles. GenP began its rally since it broke out of RM3.80 in Jan 2009. The stock rallied for more than a year before penetrating the tough resistance region of RM5.80 – RM6.60 in Mar 2010, where it consolidated to form another base to trend higher in recent weeks. The stock removed another key resistance level of RM7.55 in Sep and touched a more than two year high of RM8.15 yesterday, before ending the day at RM8.14, with a series of five positive candles.
Genting Plantations Berhad : Likely To Move Higher In The Near Term…-12/10/2010
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