Gentimg Malaysia Bhd ('GenM') has finally broken above its strong horizontal resistance at RM2.90 as well as the next resistance at RM3.00. Based on this, I believe GenM may rise further. The stock is doing catch-up with its parent, Genting Bhd as well asGenting Singapore- both stocks have a huge rally in the past few days.
Chart: GenM's weekly chart as at August 17, 2010_9.20am (Sourece: Quickcharts)GenM could be a good trading BUY.