Genting Hong Kong

October 17, 2010 § Leave a comment

 

GentingHK 15th Oct 2010

 

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

Advertisements

Tagged:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Genting Hong Kong at SPOCKS.

meta

%d bloggers like this: