Journey to Wealth

Highlights / Stock Picks of the Day - Genting Malaysia Berhad

kiasutrader
Publish date: Wed, 03 Oct 2012, 09:35 AM
kiasutrader
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A new uptrend has developed on Genting Malaysia Berhad's ("GENM") daily chart following a sustained decline that lasted over half a year. After returning to the upward sloping trend line last week, GENM's share price rebounded to form "Three White Soldiers", a bullish reversal candlestick pattern. The 20-day SMA has made a golden crossover with the 50-day SMA while the MACD has also crossed above the signal line and the zero line to reflect the start of the new uptrend. The 14-day Stochastic indicator and the RSI have both continued upward and we believe the share price's recent run-up may have some distance yet.

Source: Kenanga
GENM (4715)
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Discussions
Be the first to like this. Showing 9 of 9 comments

PETERMOO

so what is in store for Investor to keep it for a longer term?

2012-10-03 15:01

shirley1

Is chart a form of communication between traders ? can we read the sentiment ?

2012-10-03 16:24

PETERMOO

goodies are hidden like in treasure hunt!

2012-10-03 16:40

datuk

Pretty ladies are visible and not interested in treasure hunt!

2012-10-03 16:42

momyalya

just bot at 3.38 sold at 3.56 contra!
so wait below 3.40 can grab lagi

2012-10-03 16:47

shirley1

Haha.... so bad... before the soilders retreat, i sold some too. :)

2012-10-03 16:58

PETERMOO

aren't u working for the Broker? so little profit lari? good runner u baby!

2012-10-03 17:19

PETERMOO

momya

u bogt 2 days' ago? no such price today or yday!

2012-10-03 17:23

shirley1

I'm not working for broker. There is training school for this, they call this discipline. the term technical correction will come in later, note it is not drop in price huh. Frankly, still learning TA, because wish to understand how traders trade, am still holding some in this counters.. :)

2012-10-03 17:58

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