Genting Hong Kong
October 17, 2010 § Leave a comment
Ever since correcting from its spectacular rise,
Genting Hong Kong has been consolidating within a tight band of 42 cents and 45.5 cents.
Friday saw a slight pick up in volume, hinting at the possibility of returning interest.
Stochastic is also turning up from oversold region.
GMMA is showing healthy trend continuation.
Current market is bullish and a trend continuation is likely.
Uptrend line and the resistance level at 45.5 cents is forming an ascending triangle.
Breakout is imminent.
Keep stop loss at 41.5 cents