Wednesday, March 5, 2014

Genting - Down Hill Eversince Break Down From Diamond Formation



Line chart as at 5th March 2014 1036 am.

Diamond breakdown since mid Jan 2014 has maintained bear pressure on price.

Immediate support is the yellow zone.

Any downward movement will most probably be guided by the down channel projection shown.

Immediate resistance is the upper down channel boundary.

Next resistance is the blue area indicated.

Any further upward thrust above the blue band will retest the pink region.

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