Wednesday 25 July 2012

Genting SP looks like going to reverse the downtrend to uptrend. Notice the spike in volume for the last 3 days and the price has rebounded strongly from $1.22. So long as it does not retrace back to the low of $1.22 and break below it...likely the trend will reverse.

A further confirmation of trend reversal is when the price cuts the 20 dMA at around $1.36 with volume and gets support above it.

Disclaimer: note that i am just sharing my analysis with u....pls make your own decision to buy/sell.....

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