Bursa Malaysia Stock Watch

GenM may have a bullish breakout... finally

kltrader
Publish date: Tue, 17 Aug 2010, 09:53 AM
kltrader
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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.
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