06 Apr '12, 10pm
Stock Chart: Genting SP!
On Thursday, Genting SP re-tests the resistance at $1.705 and closed at $1.685 with LOW volume of 28.81 million shares traded. An engulfing bullish line occurred (where a white candle’s real body completely contains the previous black candle’s real body). If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle’s real body. RSI & MACD are bearish as MACD about to perform a “cross down”. Currently prices are well above the 20/50//200 days MA at $1.655. Immediate Resistance of Genting SP: $1.705 Immediate Support of Genting: $1.655 Since Nov 2011, prices have been trending on a rising trend line forming a higher high and higher low. There are possibilities … Read the full article → Related posts:Stock Chart: Gent...