25 Mar '12, 2pm
Stock Chart: Genting SP!
On Friday, Genting SP broke the resistance at $1.705 and closed at $1.74 with HIGH volume of 0.356 billion shares traded. A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. RSI & MACD are bullish though RSI in overbought region. Currently prices are well above the 20/50/100/200 days MA. Immediate Resistance of Genting SP: $1.79 Immediate Support of Genting: $1.705 Prices gap up on Friday with high buying pressure on news two junket agents had been granted licenses to bring high rollers to its casino. However the black candle stick with long upper/lower shadow affirms on the war between the bulls and bears. The rally is lack of conviction and traders could take profit upon signs of trouble. The resistance at $1.79 is expected … Read the full article → Related post...