Thursday, March 4, 2010

Genting Testing 85 Support on 30 mins chart



Another support breaks as Genting continues to plummet lower. The previous support at 86.5 has been demolished and a new support at 85 is being tested. Immediate resistance now is 86.5 and any move up above 86.5 will need to clear the light blue dual trendline resistance followed by the Ichimoku Kumo Storm Clouds.

A breakdown below 85 will challenge the red triple trendline support as shown on the 30 min chart. Stay alert and be nimble if you want to bet on Bear Casino Island Resort.

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